57103, Sioux Falls, SD

The 57103 zip code of Sioux Falls, SD has a median home value of $154,000 and a median home equity value of $109,000. The average home size in this zip code is 2,500 square feet. This means that the typical homeowner in this zip code has around $128,000 in equity in their home.

The Sioux Falls area has seen strong growth over the past few years and it is projected to continue to do so for the foreseeable future. This has led to an increase in demand for homes in this zip code and consequently an increase in home prices. Over the past year or so, the median home price has increased by 6% while the median home equity value has increased by 9%. It is expected that these trends will continue into 2020 as well.

One reason why home prices have been increasing so rapidly in this zip code is because there are a lot of potential buyers out there looking for homes that they can afford. In addition, many homeowners who have been able to keep up with their mortgage payments have been able to sell their homes at a higher price than they would have if they had sold them a few years ago.