57105, Sioux Falls, SD

The 57105 zip code of Sioux Falls, SD has a median home value of $129,900. The home equity in this zip code is $41,000. This means that the majority of homes in this zip code are worth more than their original purchase price. In addition, the average home price in Sioux Falls has increased by 6% over the past year.

There are a number of factors that contribute to the high home values in this zip code. One reason is that Sioux Falls is a desirable place to live. The city has a high quality of life and an excellent economy. Additionally, there is a large pool of potential buyers who want to live in this area.

Another reason for the high home values in this zip code is the low rate of foreclosure activity in Sioux Falls. This means that homeownership rates are high and there is competition for available homes. In addition, many people who live in this area have been able to maintain their homes by making smart financial decisions such as refinancing when their mortgage was due and buying insurance on their property.