57031 — Clay County, South Dakota Market Snapshot
Housing market data for zip code 57031 in Clay 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 Clay County county page for broader data.
Market Sales Data
1 sales in 2026 (year to date)
Median Sale Price
$229,900
Days to Sell
7
Homes Sold
1
Inventory
2
Conforming Loan Available
Most homebuyers in 57031 can comfortably use conventional financing. The median home price of $229,900 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
57031 is an extremely competitive market with homes selling in just 7 days on average. Buyers need pre-approval letters ready before making offers.
Conforming Loan Feasibility
Most homebuyers in 57031 can comfortably use conventional financing. The median home price of $229,900 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 57031 are set at the county level.
2026 Loan Limits — Clay 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 57031
To purchase the median home at $229,900 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,911.
Monthly Payment
$1,911
Income Required
$81,918
Principal & Interest
$1,417/mo
Down Payment (5%)
$11,495
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 57031.
Estimated Monthly Payment
$1,573
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