57255, New Effington, SD

The 57255 zip code of New Effington, SD has a population of approximately 1,000 people. The median household income in this zip code is $41,500 and the median home value is $101,000. In this zip code, the average home equity loan amount is $51,000 and the average home price appreciation rate is 5%.

The majority of homeowners in this zip code have a mortgage. The average mortgage amount in this zip code is $154,700. The average interest rate on mortgages in this zip code is 4%. Over half of all homeowners in this zip code have a HELOC (home equity line of credit) or a second mortgage.

Home prices in New Effington have increased significantly over the past few years. The average home value appreciation rate in New Effington over the past five years has been 5%. This means that on average, homes have increased by 5% each year. This increase can be attributed to several factors including low unemployment rates and strong economic growth nationwide.