Castlewood, SD—57223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Castlewood, SD
As of Oct '25, the median home price in Castlewood, SD is $322,000, with a year-over-year change of 8.2%. This indicates that home prices in Castlewood, 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 | $322,000 | 8.2% |
| Single Family | $322,000 | 9.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Castlewood, SD
Castlewood, 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 — Castlewood, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Castlewood, SD is 107. This is a increase of 6.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $190,000 | -18.0% |
Listing Count | 5 | -36.0% |
| Listings as % of Homes | 0.4% | -36.0% |
Days on Market | 107 | 6.0% |
Demographics — Castlewood, SD
As of the latest ACS Survey released in 2023, Castlewood, SD has a population of 1,370, which has increased by 9.8% over the past 5 years. Castlewood, SD is a popular place for families, as children make up 33.2% of the population. The area has a moderately educated workforce, with 25.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,370 | 9.8% |
% Under 18 | 33.2% | 7.1% |
% Seniors | 14.6% | 19.7% |
% WFH | 5.7% | -31.3% |
% w/ College Degree | 25.1% | 13.6% |
As of the latest ACS Survey released in 2023, Castlewood, SD is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Castlewood, SD is asian, making up 0.5% of the population. Foreign-born residents account for 0.4% of the population in Castlewood, SD, and this percentage has decreased by 83.3% 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 | 93.2% | -0.2% |
% Black | 0.4% | ∞% |
% Hispanic | 0.4% | -93.3% |
% Asian | 0.5% | 25.0% |
% Foreign Born | 0.4% | -83.3% |
Mortgage and Risk — Castlewood, SD
According to HUD data as of 2023, there were 56 mortgage originations in Castlewood, SD, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Castlewood, 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 | 56 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 0.0% |
% Second Loans | 21.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Castlewood, SD
Castlewood, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Castlewood, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | $322,000 |
| Median Household Income | $88,600 |