57242 — Codington County, South Dakota Market Snapshot
Housing market data for zip code 57242 in Codington County, South Dakota. Updated monthly with median prices, days on market, and more.
Limited Sales Data
Only 1 home sold in this ZIP code during the selected period. Statistics may not be representative. See the Codington County county page for broader data.
Market Sales Data
1 sales in 2022
Median Sale Price
$52,000
Days to Sell
53
Homes Sold
1
Inventory
N/A
Conforming Loan Available
Most homebuyers in 57242 can comfortably use conventional financing. The median home price of $52,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
57242's market is balanced with homes taking an average of 53 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Conforming Loan Feasibility
Most homebuyers in 57242 can comfortably use conventional financing. The median home price of $52,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 57242 are set at the county level.
2026 Loan Limits — Codington County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 57242
To purchase the median home at $52,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $548.
Monthly Payment
$548
Income Required
$23,503
Principal & Interest
$320/mo
Down Payment (5%)
$2,600
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 57242.
Estimated Monthly Payment
$472
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