The story of this market
The typical home in ZIP 57246 sells for about $215,000, or $135 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $506 a month.
ZIP 57246 — Labolt
The housing market in 57246 remains stable with low inventory and modest price appreciation. Activity is driven by local demand rather than speculative investment, resulting in a slow but steady market pace.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle, affordable housing, and a strong sense of community, rather than those requiring proximity to major urban employment centers.
Median prices moved up 2.4% year over year.
Homes spend a median of 88 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 4.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 57246
Crime rates in this rural South Dakota area are consistently low, with incidents primarily limited to minor property offenses and significantly below national averages.
Local schools are part of small, rural districts that provide personalized attention but offer a more limited range of extracurricular and advanced placement options compared to larger urban districts.
The area faces moderate risks from severe thunderstorms and winter weather, with standard insurance coverage generally available for residential properties.
Economic momentum is driven by regional agriculture and small-scale local services, with limited new large-scale commercial or infrastructure development.
Property taxes are assessed at the county level based on market value, with no state income tax in South Dakota, which benefits local property owners.
Commutes are primarily by personal vehicle, with residents typically traveling to nearby regional hubs for employment and major services.
Recreation is centered on outdoor activities including local parks, nearby fishing, and hunting opportunities, with basic shopping available in the immediate vicinity.
The rental market is small and tight, with low turnover and limited inventory, primarily serving local workers and long-term residents.
The local economy is heavily reliant on the agricultural sector, with support services and small retail businesses forming the remainder of the employment base.
Transportation is entirely dependent on private vehicle use, with no public transit infrastructure serving the area.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The county appraisal district conducts annual assessments based on market sales data to determine property tax valuations.
Parcels are subject to local school district taxes and county-level levies for public services.
Property insurance remains stable, though premiums are influenced by regional weather-related risk factors common to the Great Plains.
Net domestic migration is stable, with modest shifts typical of rural Midwestern population trends.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process for lenders.
Sellers are required to provide a property condition disclosure statement to buyers, covering known material defects.
Data retrieved from data.census.gov ZCTA 57246 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides basic recreational space and playground facilities for residents.
Access to public lands for seasonal outdoor sports.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.