How much is a home worth in ZIP code 57032?

The typical home in 57032 is worth $363,495, based on the Zillow Home Value Index.

Are home values rising in 57032?

Home values in 57032 are up 0.6% over the past year, and up 5.7% a year over five years.

What is the typical rent in 57032?

A typical home in 57032 rents for about $1,431 a month, a gross rental yield of 4.7%.

What is the property tax rate in 57032?

The effective property tax rate in 57032 is 1.1% — roughly $3,964 a year on a typical home.

ZIP code 57032 has a population of 10,467 and a median household income of $111,528.

HousingHandbookReference data

…

U.S. ZIP Code · SD57032

Lincoln County · Sioux Falls, SD-MN

Typical home value

$363,495^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.6%
5-year / yr: +5.7%
10-year / yr: +5.2%

Relative price

vs U.S.: +28.0%
vs metro: +10.8%
vs state: +22.2%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 57032 is worth $363,495 — 10.8% above the Sioux Falls, SD-MN median. Over the past year, values have risen 0.6%. Homes here rent for a typical $1,431 a month — a 4.7% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,431^[2]
Gross yield: 4.7%^[2]
Cap rate: 2.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.1%^[3]
Typical annual tax: $3,964^[3]

#Climate risk

FEMA National Risk Index ratings for Lincoln County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Relatively High
Earthquake: Very Low
Winter weather: Relatively High

#Who lives here

Population: 10,467^[3]
Median household income: $111,528^[3]

#Migration

Household moves in and out of Lincoln County over a year, from IRS tax-return data.

Net migration: +875^[5]
Moved in: 3,902
Moved out: 3,027

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 4
Elementary: 2
Middle: 1
High: 1

Harrisburg High School - 01
High · Grades 9–12 · Harrisburg School District 41-2
1,762 students
Harrisburg South Middle School - 03
Middle · Grades 6–8 · Harrisburg School District 41-2
540 students
Liberty Elementary - 02
Elementary · Grades PK–5 · Harrisburg School District 41-2
532 students
Freedom Elementary - 06
Elementary · Grades K–5 · Harrisburg School District 41-2
402 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.7%

Net yield (after ~40% expenses)2.8%

Annual rent$17,174

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,838

Loan principal$290,796

Down payment$72,699

Total interest paid$370,894

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.73

Monthly cost to own$2,471

Monthly rent$1,431

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 26th percentile^[1]
Rental yield: 50th percentile^[2]
Property tax: 76th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

3rd for fastest-growing in SDView list →

Frequently asked

How much is a home worth in ZIP code 57032?: The typical home in 57032 is worth $363,495, based on the Zillow Home Value Index.
Are home values rising in 57032?: Home values in 57032 are up 0.6% over the past year, and up 5.7% a year over five years.
What is the typical rent in 57032?: A typical home in 57032 rents for about $1,431 a month, a gross rental yield of 4.7%.
What is the property tax rate in 57032?: The effective property tax rate in 57032 is 1.1% — roughly $3,964 a year on a typical home.
Who lives in 57032?: ZIP code 57032 has a population of 10,467 and a median household income of $111,528.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

57022 vs 57032 →
Dell Rapids, SD
Typical home
$366,610
Gross yield
—
57020 vs 57032 →
Crooks, SD
Typical home
$369,255
Gross yield
—
57003
Baltic, SD
Typical home
$354,016
Gross yield
—
57021
Davis, SD
Typical home
$352,803
Gross yield
—
57068
Valley Springs, SD
Typical home
$351,075
Gross yield
—
57048
Orland Colony CDP, SD
Typical home
$382,721
Gross yield
—

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#Jump to section

U.S. ZIP Code · SD57032

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