57701 — Meade County, South Dakota Market Snapshot
Housing market data for zip code 57701 in Meade County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
19 sales in 2026 (year to date)
Median Sale Price
$339,900
Days to Sell
69
Homes Sold
19
Inventory
10
Sale-to-List
97.4%
New Listings
13
Price/SqFt
$259
Pending Sales
15
Conforming Loan Available
Most homebuyers in 57701 can comfortably use conventional financing. The median home price of $339,900 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
With homes sitting for 69 days on average, 57701 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 57701 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 57701 can comfortably use conventional financing. The median home price of $339,900 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 57701 are set at the county level.
2026 Loan Limits — Meade 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 57701
To purchase the median home at $339,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,754.
Monthly Payment
$2,754
Income Required
$118,038
Principal & Interest
$2,094/mo
Down Payment (5%)
$16,995
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 57701.
Estimated Monthly Payment
$2,254
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