57564, Onida, SD

The home equity and home prices in the Onida, SD 57564 zip code are very high. The median home value in this zip code is $269,000, which is significantly higher than the national median home value of $177,500. Additionally, the percentage of homes in this zip code that are valued at over $300,000 is very high. This indicates that there are a lot of wealthy residents in this area.

One reason for the high home values and percentage of homes over $300,000 in this zip code may be because it is located near several major cities. Sioux Falls and Rapid City are both only about an hour away from Onida, and they have a large population and economy respectively. Therefore, it is likely that a lot of people who live in this area are wealthy or have high-paying jobs.

Another possible explanation for the high home values and percentage of homes over $300,000 in this zip code is that it has a low unemployment rate. The unemployment rate in Onida was 2% as of May 2017, which is much lower than the national unemployment rate of 4%. Therefore, it may be more difficult for people to find housing here if they do not have a good job or income.