57058, Salem, SD

The 57058 zip code of Salem, SD has a population of about 27,000 people. The median household income in the zip code is $50,000 and the median home value is $128,000. The 57058 zip code has a homeownership rate of about 67%.

The 57058 zip code has seen a significant increase in home equity over the past few years. In 2013, the home equity in the zip code was $101,500. By 2016, that number had increased to $128,000. This increase can likely be attributed to strong economic conditions and rising home prices across the country.

While there are many factors that contribute to home values (location being one of them), it is clear that homeownership rates play an important role in determining market values. In areas with high homeownership rates, homes are more likely to sell at higher prices than areas with lower homeownership rates. As long as Salem maintains a high homeownership rate, its homes will continue to be valuable and sell quickly.