The story of this market
The typical home in ZIP 57058 sells for about $330,000, or $189 per square foot.
Prices are up +4.1% from a year ago, so sellers still have some momentum. Homes take about 47.3 days to sell. HUD's fair market rent for a two-bedroom is $1,013 a month.
ZIP 57058 — Salem
The housing market in the 57058 ZIP code remains stable, benefiting from the broader economic strength of the Sioux Falls metro area. While inventory remains tight, demand is supported by steady regional employment and relative affordability compared to larger urban centers.
This ZIP is well-suited for families and individuals seeking a small-town atmosphere with access to the employment and services of the Sioux Falls metro area.
Median prices moved up 4.1% year over year.
Homes spend a median of 47 days on market with 3.5 months of supply — a fast-moving market.
4% 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 0.5% · poverty 7.0% — 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 8.0%/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 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57058, McCook County SD
The area is served by the Salem School District, which provides local public education for the community.
The region is subject to standard Midwestern climate risks, including severe thunderstorms and wind events; flood risk is generally localized.
Economic momentum is tied to the broader Sioux Falls metro area, which serves as a regional hub for healthcare, finance, and retail.
Property taxes are assessed at the county level in McCook County based on local mill rates; South Dakota does not impose a state personal income tax.
Residents typically commute via US-81 and I-90 toward Sioux Falls for employment, with travel times varying based on specific destination.
Local amenities include community parks and proximity to regional outdoor recreation areas in McCook County.
The rental market is characterized by steady demand driven by the regional workforce, with limited vacancy pressure.
The economy is supported by local agriculture, small business, and the broader Sioux Falls regional labor market.
Transportation relies primarily on private vehicles with access to major regional highway corridors.
Development is primarily focused on residential maintenance and small-scale local infrastructure improvements.
McCook County assesses property values based on market-based appraisal standards.
Parcels are subject to local school district and county-level tax levies.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure.
South Dakota is a non-judicial foreclosure state.
Sellers are required to provide a property condition disclosure statement.
Data retrieved from US Census Bureau ZCTA 57058 profile.
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.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.