The story of this market
The typical home in ZIP 57456 sells for about $69,900, or $59 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $725 a month.
ZIP 57456 — Leola
The housing market in ZIP 57456 is characterized by low inventory and stable, affordable pricing consistent with a rural South Dakota economy. Market activity is minimal, with few closed sales and a reliance on local agricultural employment to sustain the population. The area remains a niche market for those seeking low-cost, small-town living.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and families looking for affordable housing and a small-town community atmosphere.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 8.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.9% · poverty 4.2% — 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 1.3%/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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57456, McPherson County SD
Crime rates in Leola are significantly lower than the national average, with the area experiencing very low levels of violent and property crime.
Schools serving the area are part of the Leola School District, which is characterized by small class sizes and a focus on community-integrated education.
The area is primarily at risk for severe wind and winter weather events, with standard flood risk profiles for the region.
Economic momentum is driven by local agricultural operations and small-scale service businesses, with limited large-scale industrial development.
Property taxes are assessed at the county level by McPherson County, with rates determined by local school district and municipal levies.
Commutes are primarily local, with most residents working within the immediate vicinity of Leola or nearby agricultural hubs.
Recreational opportunities include local parks and access to regional outdoor activities such as hunting and fishing in the surrounding McPherson County landscape.
The rental market is limited in depth, primarily serving local workers and those seeking affordable housing in a rural setting.
The economy is heavily reliant on the agricultural sector, including crop production and livestock management, which serves as the primary economic driver for the region.
Transportation is entirely dependent on private vehicles, with no public transit infrastructure available in the area.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
The McPherson County assessor manages property valuations, focusing on agricultural land use and residential property assessments.
Parcels are subject to local school district taxes and county-level levies for public services.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 57456.
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.
Local community park providing green space and recreational facilities.
Hosts local community events and agricultural gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.