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New Underwood city, SD

ZIP 57761 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 57761

Median Home Value
$263,800
Median Rent
$606
Affordability Snapshot
$73,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,695/mo PITI).

7%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

36.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 57761 in New Underwood city, SD, a household would need roughly $73,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,695. That sits below the local median household income ($101,042), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
85.8%+31% vs US avg
x
Vacancy Rate
18.7%+81% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
9.0%-39% vs US avg
x
Built Pre-1939
4.9%-61% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
46.3%-7% vs US avg
x
Mortgage-Free
42.5%+11% vs US avg
x
$263,800
Home Value
$606
Rent
1984
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.4%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units2.8%
  • Mobile home & other23.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$263,800
Median rent$606
Owner-occupied85.8%
Vacant18.7%
Price-to-income2.6x
Est. income to buy$73,000