South Dakota — Rental Investment Markets
All South Dakota metros ranked by cap rate. Median cap rate: 2.2%, median home price: $359,453.
Median Cap Rate
2.2%
Median Home Price
$359,453
Median Rent
$1,425/mo
| # | City | Cap Rate | Cash Flow | Home Price | Rent (3BR) | Verdict |
|---|---|---|---|---|---|---|
| 1 | Rapid City, SD | 3.1% | -$828/mo | $359,453 | $1,670/mo | 🔴 WEAK |
| 2 | Sioux Falls, SD | 2.8% | -$1,000/mo | $330,945 | $1,425/mo | 🔴 WEAK |
| 3 | Box Elder, SD | 2.7% | -$1,136/mo | $368,071 | $1,640/mo | 🔴 WEAK |
| 4 | Blackhawk, SD | 2.5% | -$1,206/mo | $374,889 | $1,610/mo | 🔴 WEAK |
| 5 | Alcester, SD | 2.2% | -$1,017/mo | $290,794 | $1,150/mo | 🔴 WEAK |
| 6 | Colton, SD | 2.1% | -$1,202/mo | $336,531 | $1,300/mo | 🔴 WEAK |
| 7 | New Underwood, SD | 2.1% | -$1,485/mo | $412,616 | $1,580/mo | 🔴 WEAK |
| 8 | Beresford, SD | 1.7% | -$1,274/mo | $328,913 | $1,150/mo | 🔴 POOR |
| 9 | Sturgis, SD | 1.2% | -$1,799/mo | $415,430 | $1,220/mo | 🔴 POOR |