Garretson, SD—57030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Garretson, SD
As of Oct '25, the median home price in Garretson, SD is $378,000, with a year-over-year change of 2.3%. This indicates that home prices in Garretson, SD are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $378,000 | 2.3% |
| Single Family | $378,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $258,000 | 1.6% |
3 Bed | $352,000 | 2.9% |
4 Bed | $444,000 | 2.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Garretson, SD
As of July '25, Rentcast reports the average rent in Garretson, SD is $725, with a year-over-year rent change of -7.3%. Per bedroom, the median rent as of July '25 in Garretson, SD is 1-bedrooms: $681, 3-bedrooms: $900. The most common rental property sizes in Garretson, SD are 2-bedroom and 1-bedroom, accounting for 65.4% and 9.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $699 | $725 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $699 | $681 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $900 | $900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Garretson, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Garretson, SD is 67. This is a increase of 43.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $354,000 | 0.0% |
Listing Count | 18 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 67 | 43.0% |
Demographics — Garretson, SD
As of the latest ACS Survey released in 2023, Garretson, SD has a population of 2,620, which has decreased by -9.7% over the past 5 years. Garretson, SD is a moderately popular place for families, as children make up 20.4% of the population. The area has a moderately educated workforce, with 29.2% 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 | 2,620 | -9.7% |
% Under 18 | 20.4% | -24.2% |
% Seniors | 18.9% | 45.4% |
% WFH | 12.0% | 48.1% |
% w/ College Degree | 29.2% | 20.7% |
As of the latest ACS Survey released in 2023, Garretson, SD is a predominantly white area, with 91.5% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in Garretson, SD is hispanic, making up 0.5% of the population. Foreign-born residents account for 0.2% of the population in Garretson, SD, and this percentage has decreased by 81.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.5% | 0.3% |
% Black | 0.1% | -96.0% |
% Hispanic | 0.5% | -84.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -81.8% |
Mortgage and Risk — Garretson, SD
According to HUD data as of 2023, there were 124 mortgage originations in Garretson, SD, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Garretson, SD. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 124 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Garretson, SD
Garretson, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $101 | $699 | $800 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | $380 | $900 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Garretson, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $378,000 |
| Median Household Income | $83,900 |