Interested in purchasing investment houses in the 57656 zip code in Timber Lake, SD?
The zip code 57656 is in Dewey county with a latitude of -101.077660000000 and longitude of 45.388050000000, is in the state of South Dakota. The average asking price of houses and condos is $1,052,983.00 and the average sale price was $161,437.00. this regions is classified as the Sioux Falls (Mitchell) metro area and is in the 605 area code. The location in degrees is 45° 23' 16.98" N, 101° 4' 39.576" W. The county F.I.P.S. is 46041. This zip code contains two cities including Timber Lake, SD (0.09%), and Whitehorse, SD (0.02%) The total land area is 441.8 square miles and the water area is 1.8 square miles. The elevation in this area is 1732 - 2333 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 57656 is in county number 031 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 885 in 2019 and 723 in 2010. This further breaks down to 433 males (49.0%) and 451 females (51.0%). The median age of residents is 35.7 years. The population density (people per square mile) is 2. This zip code has a combined total of 366 houses and condos. There are 85 rented appartments. 29% of residents rent versus the 29% 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 $66,295 and the average salary is $37,493. The median household income of individuals is $34,151.00 and the average is $68,550.00. This zip code has a mean commute time to work of 20.5 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 73.30% (Under $50,000), 20.30% ($50,000-$100,000), and 6.30% earn over $100,000. 12.6% of residents live below poverty line versus the 11.9% in the state that are below this line. The cost of living index is 75.9. The educational breakdown is 92.1% have a high school education or higher, 21.5% have a bachelor's degree or higher, and 4.4% have some kind of profesional degree.
This area has 286 households and the average size is 2.9 people. Individuals who are single and have never been married are 30.3%, 55.9% are now married, 0.7% are separated, 5.2% are widowed, and 7.9% are divorced.
The estimated median value of houses and condos is $81,051. The median monthly owner costs of mortgage holders was $1,106, where as the costs for those who don't have a mortgage are $469. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,057. 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 1.6% which amounted to an average tax amount of $1,336. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $874. Reported taxable interest for persons was $1,321, dividends $1,460, capital gains +$13,450, and itemized deductions $22,267. The average earned income tax credit is $2,883. The percent of individuals that use a tax preparer is 81.1%. The total average income taxes paid by individuals was $1,950. Businesses reported an average profit of $8,657.
R Rockin' Bar & Grill
901 Main St, Timber Lake, SD 57656
Chatterbox Corner Cafe
901 Main St, Timber Lake, SD 57656
Sparky's Bar & Grill
126 Main St, Isabel, SD 57633 (19.6 miles away)
Number Nine Steakhouse
215 Main St, Eagle Butte, SD 57625 (28.7 miles away)
Last Chance Liquor
712 W Grand Xing, Mobridge, SD 57601 (31 miles away)
Prairie Dog Cafe
123 Main St, Mc Laughlin, SD 57642 (34.1 miles away)
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