The story of this market
The typical home in ZIP 57022 sells for about $266,000, or $187 per square foot.
Prices are down 17.8% from a year ago, which gives buyers more room to negotiate. Homes take about 47.3 days to sell. HUD's fair market rent for a two-bedroom is $999 a month.
ZIP 57022 — Dell Rapids
The 57022 housing market has experienced a significant price correction over the past year, with median prices declining as inventory dynamics shift. While the area remains a popular choice for families, the recent volatility suggests a cooling trend compared to the broader Sioux Falls metro area. Buyers are currently finding more leverage than in previous periods.
This ZIP is well-suited for families and commuters seeking a small-town atmosphere with convenient access to the broader Sioux Falls job market.
Median prices moved down 17.8% year over year.
Homes spend a median of 47 days on market with 3.5 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.6% · poverty 8.2% — 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 6.4%/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 6.3%/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 57022, Minnehaha County SD
The area is served by the Dell Rapids School District, which is generally regarded for its community-focused educational environment.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional high winds; flood risk is localized to specific drainage areas.
Economic momentum is driven by the proximity to the Sioux Falls metro area, with local development focused on residential expansion and small-business support.
Property taxes are assessed at the county level based on market value; South Dakota does not impose a state personal income tax.
Residents typically commute by car to the Sioux Falls employment core, with travel times generally ranging from 20 to 30 minutes via I-29.
The area features local parks, access to the Big Sioux River for outdoor activities, and proximity to community golf facilities.
The rental market is characterized by steady demand from local workers and families, with limited inventory keeping vacancy rates low.
The local economy is anchored by agriculture, manufacturing, and services, with significant employment integration into the Sioux Falls metropolitan area.
Transportation is primarily automobile-dependent, relying on I-29 and local highway corridors for regional connectivity.
Development is primarily focused on low-density residential expansion and infrastructure maintenance.
Parcels are subject to school district levies and standard municipal utility assessments.
Property insurance premiums are influenced by regional exposure to severe weather events, including wind and hail.
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.
Central community green space with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.