The story of this market
The typical home in ZIP 57744 sells for about $654,670, or $298 per square foot.
Prices are up +55.9% from a year ago, so sellers still have some momentum. Homes take about 13 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,452 a month.
ZIP 57744 — Hermosa
The Hermosa housing market shows significant year-over-year price appreciation, though transaction volume remains low. The area is characterized by a high owner-occupancy rate and a rural lifestyle, with limited rental inventory available. Market data is constrained by the small sample size of this rural ZIP code.
This ZIP is best suited for those seeking rural living with access to the Black Hills, including families and those working in the nearby Rapid City area.
Median prices moved up 55.9% year over year.
Homes spend a median of 13 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 22.6% — a mixed stability profile.
ZCTA 57744, Custer County SD
Public schools serving the area are part of the Custer School District.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (South Dakota) — Property Tax Assessment and Levy: Property is assessed at full and true market value, then equalized to 85% of that value to determine the taxable value. State (South Dakota) — Property Tax Discretionary Formula: Provides a tax break on the assessed value of new structures or additions for up to five or seven years, at the discretion of the county commissioners.
Hermosa is a rural community with residents typically commuting toward Rapid City for employment.
The area offers access to Black Hills outdoor recreation, including hiking, trails, and proximity to regional parks.
Rental market depth is limited with few available comps; HUD Fair Market Rent for a 2-bedroom is $1,420.
The local economy is largely driven by tourism, agriculture, and proximity to the Rapid City employment hub.
Parcels are served by the Custer School District.
Data sourced from City-Data and Sheigo ACS tabulations.
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. Source: NCES EDGE public school locations 2023-24.
Provides extensive outdoor recreation and scenic landscapes.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.