57744, Hermosa, SD

The Hermosa, SD 57744 zip code has a median home value of $137,900 and a median home equity of $86,000. The zip code is made up of mostly single-family homes with an average size of 2 bedrooms and 1 bathroom. The majority (92%) of homes in the zip code are owner-occupied. Home values in the Hermosa, SD 57744 zip code have increased by 8% over the past year.

There are a number of factors that may contribute to the increase in home values in the Hermosa, SD 57744 zip code. One reason may be that there is a low supply of homes available for sale in this area, which may lead to increased demand and higher prices. Additionally, many homeowners in this zip code have taken advantage of low interest rates to refinance their mortgages and increase their home equity holdings. Finally, many homeowners in this area are likely wealthy enough to afford higher prices than average without needing to borrow money or use their home equity as collateral.