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Florence town, SD

ZIP 57235 — 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 57235

Median Home Value
$224,200
Median Rent
$517
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,440/mo PITI).

8%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

36.1 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 57235 in Florence town, SD, a household would need roughly $62,000 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 $1,440. That sits below the local median household income ($80,938), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
92.0%+41% vs US avg
x
Vacancy Rate
8.8%-14% vs US avg
x
Broadband Access
92.6%+6% vs US avg
x
4+ Bedrooms
13.4%-9% vs US avg
x
Built Pre-1939
4.6%-64% vs US avg
x
Built Post-2014
0.6%-91% vs US avg
x
Rent Burden >30%
8.3%-83% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$224,200
Home Value
$517
Rent
1977
Year Built
2002
Moved In

Residents have lived here since ~2002 on average

Housing Structure

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

  • 1-unit detached86.3%
  • 1-unit attached1.5%
  • 2-9 units4.0%
  • 10+ units0.3%
  • Mobile home & other7.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$224,200
Median rent$517
Owner-occupied92.0%
Vacant8.8%
Price-to-income2.8x
Est. income to buy$62,000