The story of this market
The typical home in ZIP 57461 sells for about $145,000, or $92 per square foot.
Prices are up +2.1% 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 $850 a month.
ZIP 57461 — Mellette
The housing market in 57461 is characterized by low inventory and slow turnover, typical of a rural South Dakota community. Prices have seen modest, steady appreciation, driven by limited supply rather than high demand. The market remains stable with little volatility expected in the near term.
This area is best suited for those seeking a quiet, rural lifestyle, including retirees and families looking for affordability. It is less ideal for those requiring proximity to major employment hubs or urban amenities.
Median prices moved up 2.1% year over year.
Homes spend a median of 88 days on market with 6.5 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 6.7% — 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 2.6%/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 2.7%/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 57461, Spink County SD
Crime rates in this rural area are significantly lower than the national average, with property crime being the primary concern. Trends remain stable with minimal year-over-year fluctuations.
Schools serving this area are part of small, rural districts that offer low student-to-teacher ratios but limited extracurricular variety compared to larger urban centers.
The area faces moderate risk from severe thunderstorms and high winds, with standard insurance coverage typically available. Flood risk is generally low, though localized drainage issues can occur.
Economic momentum is modest, driven primarily by regional agriculture and small-scale local services. There is limited new commercial development, with infrastructure focused on maintenance of existing rural routes.
Property taxes are assessed at the county level based on market value, with rates determined by local school district and municipal levies. Agricultural land may qualify for special valuation exemptions.
Commutes are primarily by private vehicle, with most residents traveling to nearby towns for employment. Public transit options are not available.
Recreation is centered on outdoor activities, including local parks and access to regional hunting and fishing areas. Shopping and dining options are limited to basic services within the immediate vicinity.
The rental market is small and characterized by low turnover, with most inventory consisting of single-family homes. Vacancy pressure is low due to limited supply.
The economy is heavily reliant on the agricultural sector, including crop production and livestock. Local employment is supported by small businesses and public services.
Transportation is entirely dependent on personal vehicles, with access provided by state and county highways. No public transit infrastructure exists.
There are no major commercial or residential developments currently approved or under construction in this ZIP code.
The Spink County Director of Equalization manages property assessments, focusing on annual market value adjustments for tax purposes.
Parcels are subject to local school district taxes and county-wide levies for emergency services and road maintenance.
Property insurance remains available, though premiums have seen moderate increases due to regional weather-related risk factors.
The state has experienced modest net domestic migration gains, though rural areas like this ZIP often see stable or slightly declining populations.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process for lenders while providing specific notice periods for homeowners.
Sellers are required to provide a property condition disclosure statement, detailing known material defects to the buyer.
Data retrieved from data.census.gov for ZCTA 57461.
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 local green space and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.