The story of this market
The typical home in ZIP 57258 sells for about $154,500, or $108 per square foot.
Prices are up +10.8% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 57258 — Raymond
The Milbank housing market is currently balanced, characterized by low inventory and steady, modest price appreciation. The market is driven by local demand and affordability, with limited new construction activity keeping supply tight.
This area is well-suited for families and individuals seeking an affordable, quiet, small-town lifestyle with a strong sense of community and low cost of living.
Median prices moved up 10.8% year over year.
Homes spend a median of 62 days on market with 5.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 34.5% — a mixed stability 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 7.4%/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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57252, Grant County SD
Crime rates in Milbank remain low and are generally considered stable, consistent with typical rural South Dakota community safety profiles.
The Milbank School District is the primary provider, generally characterized by stable student-teacher ratios and community-focused educational programming.
The area faces standard Midwestern climate risks, including seasonal wind and thunderstorm activity; flood risk is localized primarily near the Whetstone River.
Economic momentum is driven by local agricultural support, manufacturing, and regional service roles, with steady but modest development activity.
Property taxes are assessed at the county level in Grant County based on market value; there are no state-level personal income taxes in South Dakota.
Commutes are primarily local within the city or to nearby regional hubs, with minimal traffic congestion and high reliance on personal vehicles.
The area features local parks, the Whetstone River for outdoor activities, and community-based sports facilities, with basic shopping and dining located in the city center.
The rental market is characterized by limited inventory and stable demand, with rents reflecting the local rural cost of living.
The economy is anchored by agriculture, manufacturing, and local government services, providing a stable employment base for the region.
Transportation is primarily via regional highway corridors; there is no significant public transit infrastructure.
Development is focused on small-scale residential and commercial infill within the existing city footprint.
The Grant County assessor manages property valuations based on annual market assessments.
Parcels are served by the Milbank School District and local municipal utility services.
Property insurance premiums are generally stable, reflecting the low-hazard, rural nature of the geography.
South Dakota has experienced modest net domestic migration gains, driven by individuals seeking lower costs of living.
South Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property condition disclosure statement to buyers regarding known material defects.
Data retrieved from Census Reporter and ACS 2024 profiles.
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 notable local historical site and landmark.
Provides local recreational access and scenic value.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.