57790, Wall, SD

The 57790 zip code of Wall, SD has a median home value of $128,000 and a median home equity of $101,000. This is significantly lower than the national median home value of $217,500 and the national median home equity of $142,000. The 57790 zip code also has a significantly lower homeownership rate than the national homeownership rate of 68.9%.

There are several factors that may contribute to the low home values in the 57790 zip code of Wall, SD. One potential reason is that Wall, SD is located in one of the most economically depressed regions in America. The unemployment rate in Wall, SD is above 10%, which is much higher than the national unemployment rate of 4.3%. Additionally, there are a large number of vacant homes in Wall, SD which could be contributing to the low home values. Finally, many people in Wall, SD may be underwater on their mortgages due to high interest rates and stagnant wages. As a result, they may not have enough money left over after paying their mortgage and other bills to buy a house outright.