Ipswich, SD—57451
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ipswich, SD
As of Oct '25, the median home price in Ipswich, SD is $274,000, with a year-over-year change of 1.6%. This indicates that home prices in Ipswich, SD are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 1.6% |
| Single Family | $274,000 | 0.7% |
| 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 — Ipswich, SD
Ipswich, 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 — Ipswich, SD
As of Oct '25, Realtor.com reports that the median days on market for a home in Ipswich, SD is 71. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | 176.0% |
Listing Count | 8 | 53.0% |
| Listings as % of Homes | 0.1% | 53.0% |
Days on Market | 71 | -29.0% |
Demographics — Ipswich, SD
As of the latest ACS Survey released in 2023, Ipswich, SD has a population of 2,570, which has increased by 21.3% over the past 5 years. Ipswich, SD is a popular place for families, as children make up 25.5% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,570 | 21.3% |
% Under 18 | 25.5% | 23.8% |
% Seniors | 20.0% | 14.3% |
% WFH | 12.1% | 112.3% |
% w/ College Degree | 33.1% | 6.1% |
As of the latest ACS Survey released in 2023, Ipswich, SD is a predominantly white area, with 97.0% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Ipswich, SD is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.2% of the population in Ipswich, SD, and this percentage has increased by 200.0% 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 | 97.0% | 1.3% |
% Black | 0.1% | -50.0% |
% Hispanic | 2.0% | -4.8% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.2% | 200.0% |
Mortgage and Risk — Ipswich, SD
According to HUD data as of 2023, there were 27 mortgage originations in Ipswich, SD, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Ipswich, SD. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 27 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 11.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Ipswich, SD
Ipswich, SD lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% 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 | $680 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Ipswich, SD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $274,000 |
| Median Household Income | $85,800 |