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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −3.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +3.6% YoY, is the number to watch.
The median listing price is down 3.4% YoY while the median home got down 13.8% bigger, so value per square foot is up 1.0%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $315K purchase rents for $1,100/mo: 0.35% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 43 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 57105 itself, not its parent county.
Renters hold 35.2% of this ZIP's 10,077 occupied households, on a median household income of $77K.
| Measure | ZIP 57105 | Minnehaha County | Difference |
|---|---|---|---|
| Median Household Income | $77K | $77K | +$412 |
| Below Poverty Level | 9.4% | 8.8% | +0.6% |
| Median Age | 37.70 | 36.00 | +1.70 |
| Total Population | 23,287 | 203,289 | -- |
| Avg Household Size | 2.21 | 2.33 | -0.12 |
| Owner-Occupied | 64.8% | 63.1% | +1.7% |
| Worked From Home | 10.4% | 11.1% | -0.7% |
| Mean Commute | 14.50 | 17.80 | -3.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.3% to 203,289: residents under 18 are up 0.7% and those 65 and over are up 3.6%.
County median household income is $77K, 8.8% of residents are below the poverty level, 11.1% work from home.