The story of this market
The typical home in ZIP 57767 sells for about $325,000, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 57767 — Owanka
The housing market in 57767 remains stable with low inventory and modest price appreciation. Demand is driven by local residents and those seeking rural lifestyle properties, though limited supply keeps sales volume low.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with strong ties to the land, as well as those who prioritize outdoor access over proximity to urban amenities.
Median prices moved up 4.2% year over year.
Homes spend a median of 72 days on market with 4.8 months of supply — a balanced-paced 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 0.0% · poverty 0.0% — 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 7.8%/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 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 57767, Fall River County, SD
Crime rates in this rural area are generally low and stable, consistent with regional trends in western South Dakota.
Schools serving this area are part of small, rural districts that provide personalized instruction but have limited extracurricular offerings compared to larger urban centers.
The area faces moderate wildfire risk during dry summer months and occasional severe wind events; flood risk is generally low outside of immediate creek drainages.
Economic momentum is driven primarily by agriculture, tourism, and regional services, with limited new large-scale commercial development.
Property taxes are assessed at the county level based on market value; there are no state income taxes in South Dakota, which benefits property owners.
Commutes are primarily by private vehicle, with travel times to regional employment hubs often exceeding 30-45 minutes due to rural geography.
The area offers extensive access to outdoor recreation, including hiking, hunting, and proximity to public lands and national forest areas.
The rental market is characterized by low inventory and high demand for long-term housing, with limited turnover and minimal short-term rental saturation.
The local economy is anchored by agriculture, ranching, and tourism-related services, with significant influence from regional public land management.
Transportation is almost exclusively dependent on personal vehicles, with limited public transit infrastructure available.
Development is largely focused on small-scale residential projects and agricultural infrastructure improvements.
The Fall River County Director of Equalization manages property assessments, focusing on annual market value adjustments.
Parcels are subject to local school district taxes and county-wide emergency service levies.
Property insurance premiums are influenced by wildfire risk and the cost of rebuilding in remote, rural locations.
South Dakota has experienced steady net domestic migration gains, driven by individuals seeking lower costs of living and rural environments.
South Dakota is a non-judicial foreclosure state, allowing for a streamlined process for lenders.
Sellers are required to provide a property condition disclosure statement to buyers, covering major structural and system defects.
Data retrieved from data.census.gov using ZCTA 57767 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.
Provides extensive hiking, camping, and wildlife viewing opportunities.
Popular destination for boating, fishing, and swimming in the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.