The story of this market
The typical home in ZIP 57249 sells for about $185,000, or $112 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $618 a month.
ZIP 57249 — Lake Preston
The housing market in 57249 is characterized by low inventory and slow, steady price appreciation. Market activity is limited by the rural nature of the area, with demand primarily driven by local residents and limited migration. Current conditions remain stable with no significant shifts in supply or demand expected in the near term.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle, affordable homeownership, and a strong sense of community, rather than investors or those requiring urban amenities.
Median prices moved up 2.4% year over year.
Homes spend a median of 84 days on market with 5.2 months of supply — a balanced-paced market.
12% 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 1.4% · poverty 14.5% — 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 5.4%/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 5.4%/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 57249, Day County SD
Crime rates in this rural South Dakota area are consistently low, significantly below national averages for both violent and property crime.
Local schools are part of small, rural districts that provide personalized attention but have limited extracurricular and advanced placement offerings compared to larger urban districts.
The area faces moderate risks from severe thunderstorms and winter weather, with standard insurance coverage generally available but subject to regional premium adjustments.
Economic momentum is driven primarily by regional agriculture and local service sectors, with limited large-scale industrial or commercial development projects currently underway.
Property taxes are assessed at the county level based on market value; South Dakota does not impose a state personal income tax, which benefits local residents.
Commutes are primarily by private vehicle, with most residents traveling to nearby small towns for employment; there is no public transit infrastructure.
Recreation is centered on outdoor activities including local parks, nearby fishing spots, and community-based sports facilities.
The rental market is small and tight, with low turnover and limited inventory, primarily serving local workers and those seeking affordable housing.
The economy is heavily reliant on agriculture, livestock production, and essential local services.
Transportation is entirely dependent on regional highway networks; there is no public transit or rail service.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Day County Director of Equalization manages property assessments, focusing on annual market value adjustments.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance remains stable, though premiums are influenced by regional weather-related risk factors.
Net domestic migration is generally flat, with a slight trend of younger residents moving to larger regional hubs.
South Dakota is a judicial foreclosure state, requiring court action to complete the process.
Sellers are required to provide a property condition disclosure statement to buyers at the time of sale.
Data retrieved from data.census.gov ZCTA-level tables.
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.
A popular local destination for fishing and boating.
Hosts community events and local gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.