The story of this market
The typical home in ZIP 57340 sells for about $210,400, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $319 a month.
ZIP 57340 — Fulton
The housing market in 57340 is characterized by very low inventory and minimal transaction volume, typical of a small rural community. Prices have seen modest, steady appreciation over the last decade, driven by limited supply rather than high demand. The market remains stable with little speculative activity.
This ZIP is best suited for individuals seeking a quiet, rural lifestyle in a small community, primarily appealing to long-term residents rather than commuters or investors.
Median prices moved up 2.1% year over year.
Homes spend a median of 120 days on market with 8.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 5.7% — 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 4.2%/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 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57340, Hanson County SD
Property taxes are assessed at the county level based on local millage rates; specific exemptions for homesteads apply per South Dakota state law.
Local recreation is limited to rural outdoor activities; no major shopping or entertainment districts are located within the immediate ZIP.
The rental market is extremely limited with very low turnover and minimal investor activity.
The local economy is primarily driven by agriculture and small-scale local services.
Hanson County assesses property based on market value with annual adjustments.
Parcels are served by local school districts and county-level utility services.
Standard rural property insurance applies; hazard exposure is primarily related 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.
Small local green space serving the immediate community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.