57376, Tripp, SD

The 57376 zip code of Tripp, SD is located in the southwestern part of the state and has a population of approximately 1,000. The median household income in this zip code is $41,500, which is lower than the statewide median household income of $57,617. The unemployment rate in this zip code is 4.5%, which is lower than the statewide unemployment rate of 5%.

Home equity and home prices in the 57376 zip code are below average when compared to other areas of South Dakota. The average home value in this zip code is $133,000, which is less than the statewide average home value of $179,500. Additionally, the percentage of homes that are owner-occupied in this zip code is below the statewide percentage of owner-occupied homes at 66%. This indicates that more homes are rented or owned by investors than are owned by residents in this area.

Despite these low home values and percentages of owner-occupation, there has been an increase over time in the number of homes being sold within this zip code. Between 2010 and 2016 there was a 33% increase in sales volume within this area. This suggests that there may be potential for increased housing prices if more homes were to become available for purchase within this area.