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Freeman city, SD

ZIP 57029 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57029

Median Home Value
$183,700
Median Rent
$642
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,180/mo PITI).

10%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57029 in Freeman city, SD, a household would need roughly $51,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,180. That sits below the local median household income ($77,321), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
81.5%+25% vs US avg
x
Vacancy Rate
10.6%+3% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
12.3%-17% vs US avg
x
Built Pre-1939
9.7%-24% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
2.5%-95% vs US avg
x
Mortgage-Free
44.5%+16% vs US avg
x
$183,700
Home Value
$642
Rent
1962
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached91.0%
  • 1-unit attached0.2%
  • 2-9 units2.3%
  • 10+ units5.4%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$183,700
Median rent$642
Owner-occupied81.5%
Vacant10.6%
Price-to-income2.4x
Est. income to buy$51,000