ZIP 57106 - 860Z200US57106 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 57106, located in the Sioux Falls area of South Dakota, this demographic and housing snapshot offers a clear picture of the community in 2023. With a sizable population, stable household income, and a range of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living or working in ZIP 57106.

Population & Households

ZIP 57106 is home to a robust population of 51,780 residents as of 2023, making it a vibrant and active community. This area supports 21,330 households, reflecting a strong base of families, professionals, and individuals. The total number of housing units stands at 21,722, indicating a slight surplus of available homes or rentals compared to occupied households. This balance suggests potential opportunities for those looking to buy or rent in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 57106 is $77,070, a figure that points to a financially stable community with solid earning potential. For homebuyers and investors, the median house value of $268,800 offers a competitive entry point compared to national averages, especially in a growing market like Sioux Falls. Renters will find the median rent at $996 per month, which aligns reasonably with local income levels, making this ZIP code an accessible option for a range of budgets. These figures highlight affordability paired with value, a key consideration for anyone planning to settle or invest here.

Race & Ethnicity

The demographic makeup of ZIP 57106 reflects a predominantly white population at 80.91%, with smaller but notable representation from other groups: Black residents account for 5.46%, Asian residents make up 1.4%, and Hispanic or Latino individuals comprise 7.47%. This diversity, while moderate, contributes to a community with varied perspectives and cultural influences. For businesses and investors, understanding this mix can help tailor services or marketing strategies to resonate with local residents.

Key Facts

• Total population: 51,780, indicating a sizable and active community in ZIP 57106.
• Total households: 21,330, supporting a strong residential base.
• Total housing units: 21,722, suggesting slight availability for new occupants or investors.
• Median household income: $77,070, reflecting financial stability for many residents.
• Median house value: $268,800, a competitive price point for buyers and investors.
• Median rent: $996, offering affordability for renters in the area.
• Racial composition: 80.91% white, 5.46% Black, 1.4% Asian, and 7.47% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 57106 offers a promising mix of affordability and value with a median home price of $268,800 and reasonable rental costs at $996 monthly. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents should note the stable median income of $77,070, which supports a market of financially capable buyers or renters, while the population size of over 51,000 ensures consistent demand. The diversity in the area also suggests potential for niche rental markets or property types. Small-business owners can leverage the sizable population and moderate diversity to target a broad customer base, whether opening a retail shop, service, or restaurant—consider how the income levels align with your pricing strategy. Analysts will find this data a useful benchmark for tracking growth trends in Sioux Falls, especially in housing availability and demographic shifts. Across all groups, ZIP 57106 stands out as a balanced, opportunity-rich area to explore.

Run This Study Yourself

• Curious about other ZIP codes or want deeper insights into ZIP 57106? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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