The story of this market
The typical home in ZIP 57732 sells for about $246,648, or $118 per square foot.
Prices are up +3.9% 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 $775 a month.
ZIP 57732 — Deadwood
The Edgemont housing market remains stable with low inventory and modest price appreciation consistent with rural South Dakota trends. Demand is driven by local residents and those seeking affordable housing near the Black Hills, with limited new construction activity keeping supply tight. Market conditions are expected to remain steady as the area maintains its small-town character.
This ZIP is best suited for retirees, outdoor enthusiasts, and families seeking a quiet, low-cost-of-living environment with direct access to the Black Hills, rather than commuters or investors seeking high-velocity appreciation.
Median prices moved up 3.9% year over year.
Homes spend a median of 84 days on market with 7.5 months of supply — a slower-moving market.
12% 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 1.3% · poverty 6.4% — 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 8.8%/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 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 57732, Fall River County, SD
Crime rates in Edgemont remain low and are generally consistent with rural South Dakota trends, showing no significant volatility in recent reporting periods.
The area is served by the Edgemont School District, which provides a small-town educational environment with limited extracurricular offerings compared to larger regional districts.
The region faces moderate wildfire risk typical of the Black Hills periphery and standard flood risks associated with local drainage basins; insurance availability remains stable but premiums are sensitive to regional wildfire activity.
Economic momentum is modest, driven primarily by local services, agriculture, and proximity to regional tourism hubs in the Black Hills; infrastructure development is limited to maintenance of existing rural corridors.
Property taxes are assessed at the county level by Fall River County based on market value; South Dakota does not impose a state personal income tax, which benefits local property owners.
Commuting is primarily car-dependent, with residents traveling to Hot Springs or other regional employment centers via US-18; there is no public transit infrastructure.
The area offers immediate access to outdoor recreation including the George S. Mickelson Trail, nearby Black Hills National Forest lands, and local municipal parks.
The rental market is characterized by low inventory and high demand from local workers, with limited turnover and few institutional investors present.
The local economy is anchored by agriculture, local government, and small-scale service industries, with significant influence from regional tourism in the Black Hills.
Transportation is entirely reliant on private vehicles via US-18 and local county roads; no public transit or rail service exists.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
Fall River County assesses property based on annual market value updates to ensure compliance with state equalization requirements.
Parcels are subject to Fall River County taxes and the Edgemont School District levy.
Property insurance premiums are stable but reflect the regional risk profile for wildfire and severe weather events common in Western South Dakota.
South Dakota has experienced consistent net domestic migration gains, primarily from higher-cost states in the Midwest and West.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process that typically concludes within 180 days.
Sellers are required to provide a property condition disclosure statement to buyers, covering major structural and mechanical systems.
Data retrieved from Census Reporter and Data Commons for ZCTA 57732.
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 major 109-mile rail-trail that passes through the area, popular for hiking and biking.
Provides extensive public land for hunting, fishing, and outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.