Market snapshot: price bands, index value, and pace
Huron’s 57350 ZIP code carries a lower price tag than most of eastern South Dakota, and the gap between “average” and “median” figures is wide enough to change how the market reads.
| Source | Metric | Value | As of |
|---|---|---|---|
| Zillow Home Value Index (citywide) | Typical home value | $190,068, +1.0% year over year | current index |
| U.S. Census ACS, via unitedstateszipcodes.org | Median owner-occupied home value, ZIP 57350 | $180,400 | ACS estimate |
| Homes.com market data | Average sale price, trailing 12 months | $196,007, down 3% | trailing 12 months |
| Homes.com market data | Median sale price, trailing 12 months | $216,500, up 48% | trailing 12 months |
The four figures measure the same market four different ways: list-price index, Census-tracked ownership value, average closed sale, and median closed sale move independently of each other in a market this size, so none of them should stand in for what a specific lot or house will sell for.
Active listings on any given day span from a $22,500 vacant lot to a $649,900 finished house on Illinois Avenue SW.
Is 57350 a buyer’s or seller’s market right now?South Dakota overall reads as a mild buyer’s market on Clever’s Market Heat Index. In Huron specifically, homes are selling faster than the national comparison points cited above while Zillow’s index shows prices essentially flat, up only 1.0% year over year. That combination favors buyers on price and sellers on speed at the same time.
Who can afford to buy here
A household earning Huron’s Census-measured median income of $61,452 is looking at a home-price-to-income ratio between 2.6 and 3.1, depending on which income and price figures are paired. Clever’s affordability model, pairing its published home-value and income estimates, lands at 2.6. Pairing the Census median household income directly with Zillow’s current typical value lands closer to 3.1.
Either ratio sits well under South Dakota’s statewide median home value of $323,660, which is what put Huron’s 57350 ZIP at the top of Clever’s ranking of the state’s most affordable ZIP codes. Per capita income tells a different part of the story: at $31,193, matching the figure market-profile sites cite for this town and independently confirmed here against the same 2024 5-year ACS release, Huron’s poverty rate runs 16.1%, above both the Beadle County and statewide rates. A median-income affordability read describes the middle of the distribution, not the bottom, which matters for anyone underwriting rental demand rather than a single owner-occupant purchase.
The four sub-markets in 57350
57350 real estate splits into four groups with distinct price logic and distinct buyers, from vacant subdivision lots to finished lakefront homes.
| Segment | Price range | Typical buyer | Current example |
|---|---|---|---|
| In-town residential | $120,000 to $325,000+ | Owner-occupants, first-time and move-up buyers | 265 19th St SW, 3bd/2ba, $189,900 (Montgomery Real Estate) |
| New-subdivision building lots | $22,500 to $32,500 per lot | Owner-builders, small local investors | Southtown Addition, Firehouse Dr, $32,500 per lot (Ace Realty LLC) |
| Lake Byron shoreline and North Shore Rd | $79,000 for bare acreage lots up to $300,000+ for finished lakefront homes | Second-home and recreational buyers | Lot 6, N Shore Rd, $79,000, 1 acre, 237 days on Zillow |
| Rural acreage | $124,000 for small parcels up to $2.9M+ for larger tracts | Investors, hobby-farm buyers | 5659 Dakota Ave S, 1.27 acres, $124,000 |
Southtown Addition’s lots and the Lake Byron shoreline parcels sit at opposite ends of Huron’s raw-land price range, and the gap tracks utility access and platting status more than lakefront desirability by itself: Ace Realty LLC currently lists seven lots on Firehouse Dr, all priced at $32,500, described as fully paved and curbed with public water and sewer already run to each parcel, a single subdivision release rather than seven sellers landing on the same number independently.
Are lake properties on Lake Byron a good investment?It depends on which slice of the lake market: bare North Shore Rd acreage has moved slowly, with one parcel logging 237 days on Zillow while several similarly priced lots sit active alongside it. Finished lakefront homes with confirmed shoreline footage have sold in roughly the same price band as in-town houses, closer to $300,000, and appear to move faster than the bare lots.
Who’s active in this market: brokerage concentration
Four brokerage names appear across almost every price band and property type in current 57350 listings.
| Brokerage | Observed listing pattern | Implication |
|---|---|---|
| Montgomery Real Estate | Recurring agent on in-town single-family sales, roughly $170,000 to $325,000 | Common first call for a typical in-town resale |
| Ace Realty LLC | Sole listing office for the Southtown Addition lot release, plus scattered higher-end homes | Point of contact for new-construction lots specifically |
| Action Realty | Listing office for Lake Byron North Shore Rd lots and several in-town resales | Relevant for lake-adjacent inquiries |
| Elevate Real Estate | Appears on both entry-level and higher-priced listings, $185,000 to $649,900 | Broader price-band presence than the others |
Four brokerages carry most of the visible inventory in 57350, and each has a different practical specialty rather than a uniform market share: a buyer chasing a subdivision lot and a buyer chasing a lakefront home are, in practice, calling different offices.
Why are there so many similarly priced lots on Firehouse Dr?They are one platted subdivision, Southtown Addition, released by a single brokerage, Ace Realty LLC, with uniform lot specs: paved, curbed, and stubbed for public water and sewer. That uniformity is why the price holds identical across parcels, where individual lot features would normally push prices apart.
What South Dakota buyers and sellers need to know
South Dakota law puts specific, dated obligations on sellers and specific licensing limits on agents, and both actually change how a 57350 transaction closes.
Sellers of residential property must furnish a completed Property Condition Disclosure Statement before a buyer makes a written offer, under SDCL ยง43-4-38; the state’s standard form, published by the Department of Labor and Regulation, runs over 100 questions covering the property’s structure, systems, and known hazards. If a seller learns of a new material fact before closing, the law requires a written amendment to that disclosure. A seller who completes the form truthfully is protected from liability for the defects disclosed; a seller who misrepresents or omits information can be liable for actual damages and, if the buyer sues successfully, attorney fees.
Property taxes are set through the Beadle County Office of Equalization, which values all real property at full and true market value annually, except agricultural land, which is valued on productivity instead. Beadle County’s typical property tax bill runs close to $1,900 to $1,959 a year, among the lowest county averages in South Dakota.
South Dakota has no formal licensing reciprocity with any other state. An agent licensed elsewhere who wants to actively represent a buyer or seller in a South Dakota transaction must obtain a South Dakota license through the state’s non-resident path, which includes the state exam and a fingerprint-based background check. South Dakota also permits limited, or dual, agency, but only with the express written consent of every party to the transaction, under SDCL 36-21A-140.
Do I need a South Dakota-licensed agent to buy here from out of state?Yes, for whoever is actually representing you in the transaction. South Dakota law requires anyone acting as your broker in the state to hold a South Dakota license, and the state has no reciprocity agreement that waives this for agents licensed elsewhere. An out-of-state agent can refer you to a South Dakota-licensed broker, commonly through a referral-fee arrangement, but cannot legally negotiate or write the purchase agreement without that license.
Common mistakes out-of-state buyers make in a market this size
Buyers relocating from larger markets tend to repeat the same errors in a town this size.
- Pricing off the citywide ZHVI headline alone. The $190,068 figure blends in-town resales with lake lots and rural acreage; price against the specific sub-market from the table above instead of the blended citywide average.
- Assuming property taxes track national or coastal averages. Beadle County’s typical bill sits near $1,900 to $1,959 a year, among the lowest in South Dakota; underwriting a purchase with a higher national average tax rate overstates the real carrying cost.
- Treating “days on market” as one settled number. The local pace figure and any national comparison point come from the same aggregator’s differing pages; weight the local figure more heavily than a single national comparison.
- Skipping the SD-licensing question for a familiar out-of-state agent. See the licensing section above: confirm SD licensure, or arrange a referral, before relying on that relationship for the purchase itself.
Limitations of this snapshot
Every price and pace figure above is a snapshot pulled from currently indexed data. Huron’s total active inventory is small enough that a handful of closings can move the trailing-12-month averages meaningfully in either direction. Bring this page into a conversation with a South Dakota-licensed broker and a current MLS pull before treating any single figure as the basis for an offer.
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