ZIP 57108 - 860Z200US57108 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 57108, 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 robust population, strong income levels, and a competitive housing market, 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 57108.

Population & Households

ZIP 57108 is home to 32,888 residents, making it a sizable and vibrant community. This population is spread across 13,739 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 13,933, suggesting a tight housing market with limited vacancy. For those looking to settle or invest here, understanding the scale of this community is crucial for gauging demand for housing, services, and local businesses.

Income & Housing Costs

The median household income in ZIP 57108 is $96,184, reflecting a relatively affluent population with strong purchasing power. This income level supports a housing market where the median home value is $401,300, positioning the area as a higher-end market within the region. For renters, the median rent is $1,292 per month, which aligns with the area’s income and property values. These figures suggest that ZIP 57108 is a stable, desirable location for those who can afford the cost of entry, whether buying or renting.

Race & Ethnicity

The demographic composition of ZIP 57108 is predominantly White, with 88.78% of the population identifying as such. Other groups include Black residents at 2.49%, Asian residents at 2.81%, and Hispanic or Latino residents at 2.89%. This relatively homogenous makeup may influence community culture, local businesses, and social dynamics. For investors and business owners, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while also considering opportunities to serve smaller, growing segments of the population.

Key Facts

• Total population in ZIP 57108: 32,888 residents.
• Total households: 13,739, indicating a strong residential base.
• Total housing units: 13,933, with limited availability for new occupants.
• Median household income: $96,184, suggesting economic stability.
• Median home value: $401,300, reflecting a premium housing market.
• Median rent: $1,292, consistent with the area’s income and property values.
• Racial composition: 88.78% White, with smaller percentages of Black, Asian, and Hispanic residents.

What This Means for You

For homebuyers, ZIP 57108 offers a stable, affluent community with high-quality housing, though the median home value of $401,300 means you’ll need to budget for a significant investment. The tight housing market, with only a small gap between total units and households, suggests competition for available properties, so acting quickly on listings is key.

For real estate investors and agents, the high median income and home values indicate potential for strong returns, especially in a market with limited inventory. Rental properties could also be lucrative, given the median rent of $1,292, which appeals to tenants with solid incomes. Focus on properties that cater to families or professionals drawn to this prosperous area.

For small-business owners, the population of 32,888 and median income of $96,184 point to a customer base with disposable income. Retail, dining, or service-based businesses that align with the needs of a predominantly White, middle-to-upper-income demographic could thrive here. Consider niche offerings that cater to family-oriented or professional lifestyles.

For analysts, the data highlights a community with economic strength and low diversity, which may shape long-term growth patterns. Monitor housing inventory and demographic shifts to predict future demand for real estate or services in ZIP 57108.

Run This Study Yourself

• Want to dive deeper into ZIP 57108 or compare it with another area? Use ZipcodeGPT to access detailed demographic and housing data tailored to your needs.
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