The story of this market
The typical home in ZIP 57029 sells for about $183,700, or $135 per square foot.
Prices are up +2.9% from a year ago, so sellers still have some momentum. Homes take about 93 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $749 a month.
ZIP 57029 — Fairview
The housing market in 57029 remains stable with low inventory and modest price appreciation. Activity is driven by local demand rather than speculative investment, resulting in a slow-paced, predictable market environment.
This ZIP is best suited for families and retirees seeking a quiet, affordable rural lifestyle with strong community ties and low cost of living.
Median prices moved up 2.9% year over year.
Homes spend a median of 93 days on market with 6.0 months of supply — a slower-moving market.
15% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.3% · poverty 15.4% — 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 4.4%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57029, Hutchinson County SD
Crime rates in the Freeman area are generally low, consistent with rural South Dakota trends and significantly below national averages.
The area is served by the Freeman School District, which maintains a reputation for small class sizes and strong community involvement.
The region faces moderate risks from severe thunderstorms and high winds, with standard flood insurance recommended for properties near local drainage basins.
Economic momentum is driven by local agriculture and small-scale manufacturing, with steady but slow development patterns typical of rural Hutchinson County.
Property taxes are assessed by Hutchinson County based on market value, with local school district levies comprising the largest portion of the tax bill.
Commuting is primarily car-dependent, with residents typically driving 45-60 minutes to reach the Sioux Falls employment core.
Local amenities include Freeman City Park and nearby recreational facilities, with limited shopping and dining options available within the immediate town center.
The rental market is small and tight, with low vacancy rates and limited turnover, primarily serving local workers and retirees.
The local economy is anchored by agricultural services, local government, and small-business retail.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure serving the area.
Development is limited to small-scale residential infill and minor commercial upgrades.
Hutchinson County utilizes a mass appraisal system to determine property values for tax purposes.
Parcels are subject to Freeman School District and Hutchinson County tax levies.
Property insurance premiums are stable but reflect regional exposure to severe weather events.
Data retrieved from Census Bureau 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 picnic areas and playground.
Local botanical site showcasing regional flora.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.