Beresford, SD—57004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Beresford, SD
As of Oct '25, the median home price in Beresford, SD is $316,000, with a year-over-year change of 6.5%. This indicates that home prices in Beresford, SD are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $316,000 | 6.5% |
| Single Family | $317,000 | 6.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 7.1% |
3 Bed | $313,000 | 5.7% |
4 Bed | $341,000 | 5.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Beresford, SD
Beresford, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Beresford, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Beresford, SD is 62. This is a increase of 67.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $368,000 | 37.0% |
Listing Count | 25 | 40.0% |
| Listings as % of Homes | 0.5% | 40.0% |
Days on Market | 62 | 67.0% |
Demographics — Beresford, SD
As of the latest ACS Survey released in 2023, Beresford, SD has a population of 3,900, which has increased by 4.8% over the past 5 years. Beresford, SD is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,900 | 4.8% |
% Under 18 | 25.0% | -1.6% |
% Seniors | 19.4% | 16.2% |
% WFH | 5.2% | -25.7% |
% w/ College Degree | 25.7% | -1.2% |
As of the latest ACS Survey released in 2023, Beresford, SD is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Beresford, SD is hispanic, making up 3.7% of the population. Foreign-born residents account for 3.1% of the population in Beresford, SD, and this percentage has increased by 933.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.4% | -3.7% |
% Black | 0.2% | ∞% |
% Hispanic | 3.7% | 32.1% |
% Asian | 0.6% | 500.0% |
% Foreign Born | 3.1% | 933.3% |
Mortgage and Risk — Beresford, SD
According to HUD data as of 2023, there were 115 mortgage originations in Beresford, SD, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Beresford, SD. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Beresford, SD
Beresford, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 47.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Beresford, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $316,000 |
| Median Household Income | $81,400 |