57623, Dupree, SD

The Dupree zip code is located in southwestern SD and has a population of just over 2,000 people. The median household income in the Dupree zip code is just over $50,000, which is much higher than the statewide median income of $43,046. The homeownership rate in the Dupree zip code is just over 80%, which is much higher than the statewide homeownership rate of 63%.

Home prices in the Dupree zip code have been increasing at a much faster rate than home prices statewide. The average home price in the Dupree zip code was $135,500 as of September 2017, which was more than double the statewide average home price of $61,250. In addition, the dupree zip code had an annualized growth rate of 12.5% from September 2016 to September 2017, which was significantly faster than the statewide annualized growth rate of 5.8%.

There are several reasons why home prices in the Dupree zip code are growing so rapidly. First and foremost, there are very few homes for sale in this area and buyers have been able to purchase these homes at very high prices. Second, many people who live in this area are wealthy enough that they don't need to worry about making a large down payment on a house and they can afford to pay more for a house than other buyers would be able to afford. Finally, there has been an increase in demand for housing due to rising incomes and increased job opportunities throughout SD.