HousingHandbookReference data

U.S. ZIP Code · SD57201

Codington County

Typical home value

$320,477[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.5%
5-year / yr
+5.4%
10-year / yr
+5.0%

Relative price

vs U.S.
+12.8%
vs metro
vs state
+7.7%
ZIP 57201 location in SD
Location of ZIP 57201 in SD

Price history

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

The typical home in 57201 is worth $320,477. Over the past year, values have risen 2.5%. Homes here rent for a typical $1,084 a month — a 4.1% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent
$1,084[2]
Gross yield
4.1%[2]
Cap rate
2.4%[2]

#Property tax

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

Effective tax rate
1.0%[3]
Typical annual tax
$3,124[3]

#Climate risk

FEMA National Risk Index ratings for Codington 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 Low
Heat wave
Very Low
Hurricane
Not Applicable
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively High

#Who lives here

Population
26,781[3]
Median household income
$72,878[3]

#Migration

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

Net migration
+75[5]
Moved in
760
Moved out
685

Schools

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

Public schools
11
Elementary
6
Middle
3
High
2
  • Watertown High School - 01

    High · Grades 9–12 · Watertown School District 14-4

    1,222 students

  • Watertown Middle School - 02

    Middle · Grades 7–8 · Watertown School District 14-4

    587 students

  • Watertown Intermediate School - 13

    Middle · Grades 5–6 · Watertown School District 14-4

    556 students

  • Lincoln Elementary - 05

    Elementary · Grades PK–4 · Watertown School District 14-4

    338 students

  • Jefferson Elementary - 09

    Elementary · Grades PK–4 · Watertown School District 14-4

    332 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.

Gross yield4.1%
Net yield (after ~40% expenses)2.4%
Annual rent$13,010

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.

Monthly payment$1,621
Loan principal$256,382
Down payment$64,095
Total interest paid$327,001

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.

Own : rent ratio1.98
Monthly cost to own$2,147
Monthly rent$1,084

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
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 57201?
The typical home in 57201 is worth $320,477, based on the Zillow Home Value Index.
Are home values rising in 57201?
Home values in 57201 are up 2.5% over the past year, and up 5.4% a year over five years.
What is the typical rent in 57201?
A typical home in 57201 rents for about $1,084 a month, a gross rental yield of 4.1%.
What is the property tax rate in 57201?
The effective property tax rate in 57201 is 1.0% — roughly $3,124 a year on a typical home.
Who lives in 57201?
ZIP code 57201 has a population of 26,781 and a median household income of $72,878.

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