57033 — Minnehaha County, South Dakota Market Snapshot
Housing market data for zip code 57033 in Minnehaha County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
18 sales in 2026 (year to date)
Median Sale Price
$387,500
Days to Sell
43
Homes Sold
18
Inventory
9
Sale-to-List
97.8%
New Listings
15
Price/SqFt
$190
Pending Sales
14
Conforming Loan Available
Most homebuyers in 57033 can comfortably use conventional financing. The median home price of $387,500 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
57033's market is balanced with homes taking an average of 43 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 57033 sells for 2.2% below asking price (97.8% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 57033 can comfortably use conventional financing. The median home price of $387,500 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 57033 are set at the county level.
2026 Loan Limits — Minnehaha 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 57033
To purchase the median home at $387,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,119.
Monthly Payment
$3,119
Income Required
$133,667
Principal & Interest
$2,388/mo
Down Payment (5%)
$19,375
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 57033.
Estimated Monthly Payment
$2,548
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