Dell Rapids, SD—57022
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dell Rapids, SD
As of Oct '25, the median home price in Dell Rapids, SD is $357,000, with a year-over-year change of 2.1%. This indicates that home prices in Dell Rapids, SD are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $357,000 | 2.1% |
| Single Family | $357,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | 2.9% |
3 Bed | $309,000 | 2.3% |
4 Bed | $390,000 | 2.4% |
| 5 Bed | $553,000 | 1.8% |
% of Housing Stock
Rental Trends — Dell Rapids, SD
Dell Rapids, 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 — Dell Rapids, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Dell Rapids, SD is 40. This is a increase of 3.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 5.0% |
Listing Count | 15 | -5.0% |
| Listings as % of Homes | 0.2% | -5.0% |
Days on Market | 40 | 3.0% |
Demographics — Dell Rapids, SD
As of the latest ACS Survey released in 2023, Dell Rapids, SD has a population of 5,480, which has increased by 13.4% over the past 5 years. Dell Rapids, SD is a popular place for families, as children make up 29.6% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,480 | 13.4% |
% Under 18 | 29.6% | 9.2% |
% Seniors | 16.3% | 0.6% |
% WFH | 12.0% | 41.2% |
% w/ College Degree | 36.7% | 19.9% |
As of the latest ACS Survey released in 2023, Dell Rapids, SD is a predominantly white area, with 93.9% of the population identifying as white. The white population has grown by 1.0% in the last 5 years. The second most common race or ethnicity in Dell Rapids, SD is hispanic, making up 3.6% of the population. Foreign-born residents account for 1.9% of the population in Dell Rapids, SD, and this percentage has increased by 72.7% 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 | 93.9% | 1.0% |
% Black | 0.0% | N/A |
% Hispanic | 3.6% | 50.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.9% | 72.7% |
Mortgage and Risk — Dell Rapids, SD
According to HUD data as of 2023, there were 97 mortgage originations in Dell Rapids, SD, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Dell Rapids, SD. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 97 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Dell Rapids, SD
Dell Rapids, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,370 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Dell Rapids, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $357,000 |
| Median Household Income | $101,000 |