57005, Brandon, SD

Brandon, SD is located in the 57005 zip code. According to the 2010 census, Brandon has a population of 4,811. The median household income was $51,913 and the median family income was $60,000. The per capita income was $25,827.

The average home value in Brandon is $128,000. The median home value has increased by 9% since 2000 and by 21% since 1990. In 2007 there were 1,716 homes sold in Brandon and the average sale price was $142,500. In 2009 there were 1,814 homes sold and the average sale price was $149,900. There has been an increase of 34% in home values since 2007

There are a number of factors that contribute to this increase in home values including: low interest rates (4%), strong job market (5th highest rate of growth), limited supply (resulting from strict zoning regulations), and proximity to Rapid City and Sioux Falls (both with large populations). Additionally many people are moving into Brandon because it offers excellent schools (rated #1 out of 100 towns nationwide) as well as a low cost of living compared to other areas of South Dakota

Despite these positive factors it should be noted that there have also been some challenges for homeowners in Brandon over the past few years including: rising property taxes (+10%), increasing utility bills (+15%), and decreasing wages (+2%). However overall homeownership rates remain high with over 90% of households owning their homes