57279, Wilmot, SD

Wilmot, SD is located in the southwestern part of South Dakota and has a population of just over 1,000 people. The 57279 zip code covers just over 2 square miles and has a median home value of $119,000. Home equity in this zip code is relatively low compared to other parts of the country. In fact, only about one-third (34%) of homes in this zip code have any equity at all. This is likely due to the low median income and high rates of unemployment in Wilmot.

Despite the low home equity levels, home prices are relatively stable in Wilmot. Over the past five years, the median home value has increased by just 2%. However, during this same time period, inflation has increased by 7%, meaning that real estate values have actually decreased relative to inflation over this period. This suggests that there may be some potential for price growth in Wilmot if conditions improve.