The story of this market
The typical home in ZIP 57035 sells for about $268,000, or $158 per square foot.
Prices are down 13.5% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $745 a month.
ZIP 57035 — Humboldt
The 57035 housing market is currently experiencing a price correction following a period of rapid appreciation, with median prices down 13.5% year-over-year. Despite this, the market remains stable for long-term residents, supported by low inventory and consistent demand from commuters. The area continues to benefit from its proximity to the Sioux Falls metro economy.
This ZIP is ideal for family buyers and commuters who desire a quiet, rural atmosphere while maintaining easy access to the amenities and job market of Sioux Falls.
Median prices moved down 13.5% year over year.
Homes spend a median of 46 days on market with 4.0 months of supply — a fast-moving market.
16% 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 0.3% · poverty 2.0% — 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 4.5%/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 6.1%/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 57035, Minnehaha County SD
Crime rates in the area are generally low and stable, consistent with rural Minnehaha County trends and significantly lower than the Sioux Falls urban core.
The area is served by the Tri-Valley School District, which maintains a strong reputation for academic performance and community-focused extracurricular programs.
The region faces moderate risks from severe thunderstorms and high winds; flood risk is generally low, though localized drainage issues can occur in low-lying areas.
Economic momentum is driven by proximity to the expanding Sioux Falls metro area, with residents commuting to major employers in healthcare, finance, and manufacturing.
Property taxes are assessed by Minnehaha County based on market value; the area is subject to standard school district and county levies without significant special district overlays.
Commuters primarily utilize I-90 or SD-11 for a 15-20 minute drive into the Sioux Falls employment core.
Local amenities include small community parks and proximity to the Big Sioux River for outdoor activities, with major shopping and dining located in northern Sioux Falls.
The rental market is limited in depth, primarily consisting of single-family homes; vacancy pressure is low due to high demand from commuters seeking a rural lifestyle.
The economy is anchored by the broader Sioux Falls metro area, with major sectors including healthcare (Sanford Health, Avera), financial services, and manufacturing.
Transportation is heavily reliant on private vehicles, with I-90 serving as the primary artery for regional connectivity.
Development is focused on low-density residential expansion and supporting infrastructure to accommodate spillover growth from Sioux Falls.
Parcels are primarily served by the Tri-Valley School District and standard county-level utility and emergency service districts.
Property insurance premiums are influenced by regional exposure to severe convective storms and wind events.
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.
Community park providing local green space and recreational facilities.
Provides opportunities for fishing and nature observation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.