The story of this market
The typical home in ZIP 57252 sells for about $250,000, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $729 a month.
ZIP 57252 — Milbank
The Milbank housing market is characterized by low inventory and steady, modest price appreciation. Demand remains consistent among local buyers, though the limited supply of homes keeps the market balanced. Current conditions reflect a stable, slow-growth environment typical of rural South Dakota.
This ZIP is well-suited for families and individuals seeking a quiet, affordable small-town lifestyle with strong community ties and low cost of living compared to larger urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 65 days on market with 9.4 months of supply — a slower-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 9.5% — 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 7.1%/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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57252, Grant County SD
Crime rates in Milbank remain low and stable, consistent with small-town trends in rural South Dakota and significantly below national averages.
The Milbank School District is the primary provider, generally regarded as providing stable, community-focused education with consistent performance metrics.
The area faces standard Midwestern climate risks, including severe thunderstorms and winter weather, with flood risk primarily localized to areas near the Whetstone River.
Economic momentum is driven by local manufacturing and agricultural support services, with steady but modest development activity focused on residential infill.
Property taxes are assessed at the county level by Grant County, utilizing a market-value assessment system with standard exemptions for owner-occupied primary residences.
Commutes are primarily local within Milbank or to nearby regional hubs, with minimal traffic congestion and high reliance on personal vehicles.
The area features access to Lake Farley Park, local golf courses, and proximity to Big Stone Lake for outdoor recreation, alongside a compact downtown shopping district.
The rental market is tight with limited inventory, primarily serving local workers and families, with stable rent growth and low vacancy pressure.
The economy is anchored by manufacturing, healthcare, and agricultural services, providing a stable employment base for the region.
Transportation is dominated by private vehicle use, with US Highway 12 serving as the primary regional corridor.
Development is currently focused on small-scale residential infill and maintenance of existing municipal infrastructure.
Grant County utilizes a standard mass-appraisal system to determine property values for tax purposes.
Parcels are subject to Milbank School District taxes and standard county-level levies.
Property insurance remains available and stable, though premiums reflect regional exposure to severe weather events.
South Dakota continues to see modest net domestic migration gains, driven by individuals seeking lower costs of living.
South Dakota is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property condition disclosure statement to buyers at the time of sale.
Data retrieved from data.census.gov ZCTA 57252 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.
Features swimming, camping, and picnic areas.
Local 9-hole course serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.