The story of this market
The typical home in ZIP 57762 sells for about $250,000, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 112 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $975 a month.
ZIP 57762 — Nisland
The housing market in 57762 is characterized by low inventory and very low transaction volume, typical of a rural agricultural community. Prices have seen modest year-over-year growth, reflecting broader regional trends rather than local development pressure. The market remains stable with little evidence of speculative activity or significant new construction.
This ZIP is best suited for those seeking a rural, quiet lifestyle, including agricultural workers, retirees, and families who prioritize space and affordability over proximity to urban employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 112 days on market with 8.0 months of supply — a slower-moving market.
13% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 4.5% — 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 4.7%/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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 57762, Butte County SD
The area is served by the Belle Fourche School District, which provides standard public education for the rural Butte County region.
The region is subject to high plains weather risks including severe thunderstorms, hail, and winter wind events; wildfire risk is a persistent consideration in rural western South Dakota.
The local economy is primarily driven by agriculture and ranching, with limited commercial development and stable, slow-growth infrastructure.
Property taxes are assessed by Butte County based on market value; there are no state income taxes in South Dakota, and the jurisdiction relies on property levies to fund local school districts and county services.
Residents typically commute by personal vehicle to Belle Fourche or Spearfish for employment, with travel times averaging approximately 25 minutes.
The area offers access to expansive rural landscapes, local community parks in Nisland, and proximity to the Black Hills National Forest for outdoor recreation.
The rental market is limited in depth due to the small population size, with low turnover and minimal multi-family inventory.
The economy is anchored by the agricultural sector, including livestock and crop production, with secondary support from local government and small-scale retail.
Transportation is entirely dependent on private vehicle use via regional highways; there is no public transit infrastructure.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
Butte County assesses property at market value for tax purposes, with agricultural land often subject to specific productivity-based valuation formulas.
Parcels are subject to Butte County property taxes and the Belle Fourche School District levy.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind, which are common in the South Dakota plains.
South Dakota is a non-judicial foreclosure state, allowing for efficient processing of defaults through power-of-sale clauses in deeds of trust.
Sellers are required to provide a property condition disclosure statement to buyers, detailing known material defects.
Data retrieved from Census Reporter and data.census.gov for ZCTA 57762.
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 green space serving the immediate residential area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.