Interested in purchasing investment houses in the 57374 zip code in Spencer, SD?
The zip code 57374 is in both McCook and Hanson counties with a latitude of -97.601630000000 and longitude of 43.756130000000, is in the state of South Dakota. The average asking price of houses and condos is $249,000.00 and the average sale price was $180,116.00. this regions is classified as the Sioux Falls (Mitchell) metro area and is in the 605 area code. The location in degrees is 43° 45' 22.068" N, 97° 36' 5.868" W. The county F.I.P.S. is 46087. The total land area is 75.3 square miles and the water area is 0.5 square miles. The elevation in this area is 1375 - 1532 feet. The zip code is on central standard time and observes daylight savings time.
The zip 57374 is in county number 061 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 419 in 2019 and 343 in 2010. This further breaks down to 207 males (49.4%) and 212 females (50.6%). The median age of residents is 47.6 years. The population of the greater Sioux Falls, SD area is 240,804. The population density (people per square mile) is 6. This zip code has a combined total of 207 houses and condos. There are 10 rented appartments. 6% of residents rent versus the 6% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $43,172 and the average salary is $31,015. The median household income of individuals is $44,009.00 and the average is $53,090.00. This zip code has a mean commute time to work of 31.4 minutes. Income earners by percent breakdown as 57.80% (Under $50,000), 35.90% ($50,000-$100,000), and 6.30% earn over $100,000. 1.1% of residents live below poverty line versus the 11.9% in the state that are below this line. The cost of living index is 76.5. The educational breakdown is 93.3% have a high school education or higher, 15.2% have a bachelor's degree or higher, and 3.8% have some kind of profesional degree.
This area has 131 households and the average size is 2.6 people. Individuals who are single and have never been married are 11.2%, 77.5% are now married, 0.0% are separated, 2.9% are widowed, and 8.5% are divorced.
The estimated median value of houses and condos is $155,247. The median monthly owner costs of mortgage holders was $1,154, where as the costs for those who don't have a mortgage are $429. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 6.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,387. In comparision, the average real estate tax percent rate in the state is 1.2% which equated to an average real estate tax amount payment in the state of $2,256. The median housing property tax percent for residents with mortgages was 0.8% which amounted to an average tax amount of $1,332. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,440. Reported taxable interest for persons was $650, dividends $600, and capital gains +$3,467. The average earned income tax credit is $1,867. The percent of individuals that use a tax preparer is 66.7%. Businesses reported an average profit of $7,033.
Spencer Community Coffee Shop
215 E 2nd St, Spencer, SD 57374
Subway
25678 431st Ave, Spencer, SD 57374
Animal's Bar & Grill
113 Main St W, Canova, SD 57321 (9.4 miles away)
Joe's Restaurant
1151 Spruce St, Alexandria, SD 57311 (10.1 miles away)
Dalton's Steakhouse And Lounge
630 E Ruton Ave, Salem, SD 57058 (10.8 miles away)
Bridgewater Cafe
300 S Main Ave, Bridgewater, SD 57319 (15.5 miles away)
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