57107 — Minnehaha County, South Dakota Market Snapshot
Housing market data for zip code 57107 in Minnehaha County, South Dakota. Updated monthly with median prices, days on market, and more.
Market Sales Data
53 sales in 2026 (year to date)
Median Sale Price
$325,400
Days to Sell
57
Homes Sold
53
Inventory
41
Sale-to-List
99.0%
New Listings
63
Price/SqFt
$195
Pending Sales
49
Conforming Loan Available
Most homebuyers in 57107 can comfortably use conventional financing. The median home price of $325,400 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
57107's market is balanced with homes taking an average of 57 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 57107 (99.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 57107 can comfortably use conventional financing. The median home price of $325,400 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 57107 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 57107
To purchase the median home at $325,400 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,643.
Monthly Payment
$2,643
Income Required
$113,276
Principal & Interest
$2,005/mo
Down Payment (5%)
$16,270
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 57107.
Estimated Monthly Payment
$2,164
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