Groton, SD—57445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Groton, SD
As of Oct '25, the median home price in Groton, SD is $240,000, with a year-over-year change of 5.7%. This indicates that home prices in Groton, SD are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 5.7% |
| Single Family | $240,000 | 5.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | 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 — Groton, SD
Groton, SD lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $674 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $644 |
| 2 Bed Rent | $675 | $682 |
| 3 Bed Rent | $795 | $795 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Groton, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Groton, SD is 70. This is a increase of 44.0% 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 | $240,000 | -23.0% |
Listing Count | 4 | -28.0% |
| Listings as % of Homes | 0.2% | -28.0% |
Days on Market | 70 | 44.0% |
Demographics — Groton, SD
As of the latest ACS Survey released in 2023, Groton, SD has a population of 2,030, which has increased by 2.4% over the past 5 years. Groton, SD is a popular place for families, as children make up 26.3% of the population. The area has a moderately educated workforce, with 27.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,030 | 2.4% |
% Under 18 | 26.3% | -12.6% |
% Seniors | 19.3% | 7.8% |
% WFH | 2.5% | -65.8% |
% w/ College Degree | 27.1% | 7.1% |
As of the latest ACS Survey released in 2023, Groton, SD is a predominantly white area, with 91.0% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Groton, SD is hispanic, making up 5.1% of the population. Foreign-born residents account for 3.5% of the population in Groton, SD, and this percentage has increased by 3400.0% 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 | 91.0% | -1.0% |
% Black | 0.0% | N/A |
% Hispanic | 5.1% | -19.0% |
% Asian | 2.1% | ∞% |
% Foreign Born | 3.5% | 3,400.0% |
Mortgage and Risk — Groton, SD
According to HUD data as of 2023, there were 29 mortgage originations in Groton, SD, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Groton, SD. Investor activity is low, as 0.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Groton, SD
Groton, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $650 | $740 |
| 2 Bedroom | $295 | $675 | $970 |
| 3 Bedroom | $515 | $795 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Groton, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $240,000 |
| Median Household Income | $76,200 |