Best Places to Invest in South Dakota Real Estate
40 South Dakota markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Sioux Falls | $329,900 | 2.5% | $-1,034 | +0.5% | 2,769 |
| Rapid City | $355,000 | 2.4% | $-1,268 | -1.0% | 1,282 |
| Aberdeen | $228,500 | 2.6% | $-947 | +2.0% | 402 |
| Watertown | $285,000 | 2.3% | $-1,092 | +0.7% | 362 |
| Yankton | $268,700 | 1.9% | $-1,157 | +1.4% | 232 |
| Spearfish | $423,500 | 2.2% | $-1,807 | +1.4% | 226 |
| Box Elder | $357,400 | 2.8% | $-1,053 | -2.9% | 224 |
| Brandon | $389,000 | 2.0% | $-1,542 | +4.9% | 219 |
| Harrisburg | $359,900 | 2.5% | $-1,146 | -1.5% | 214 |
| Mitchell | $241,500 | 2.9% | $-770 | +7.1% | 206 |
| Lead | $364,000 | 0.3% | $-3,465 | +12.1% | 184 |
| Sturgis | $338,750 | 1.2% | $-1,638 | +0.0% | 160 |
| Tea | $380,000 | 1.8% | $-1,459 | -0.5% | 154 |
| Pierre | $257,500 | 3.1% | $-805 | -3.1% | 139 |
| Rapid Valley | $315,000 | 3.8% | $-692 | +8.3% | 135 |
| Custer | $376,500 | 1.1% | $-2,495 | +2.9% | 134 |
| Belle Fourche | $273,000 | 1.7% | $-1,335 | +3.1% | 123 |
| Hot Springs | $260,000 | 1.3% | $-1,693 | -1.5% | 121 |
| Vermillion | $275,000 | 2.3% | $-931 | +1.5% | 113 |
| Green Valley | $367,550 | 2.5% | $-1,027 | -7.8% | 92 |
| Madison | $238,500 | 2.9% | $-849 | -3.2% | 80 |
| Hartford | $344,000 | 1.2% | $-1,716 | +5.8% | 72 |
| Dakota Dunes | $525,000 | 0.8% | $-2,469 | -0.9% | 67 |
| Piedmont | $410,000 | 0.6% | $-3,438 | -2.8% | 67 |
| Hill City | $300,000 | 0.5% | $-3,179 | +6.7% | 61 |
| Summerset | $417,500 | 1.8% | $-1,687 | -3.0% | 60 |
| Whitewood | $318,000 | 0.5% | $-2,776 | -2.9% | 60 |
| Lennox | $325,800 | 1.7% | $-1,174 | +10.9% | 59 |
| Dell Rapids | $310,000 | 2.9% | $-806 | +11.3% | 59 |
| Milbank | $157,000 | 3.0% | $-672 | +1.2% | 55 |
| Huron | $185,000 | 3.7% | $-460 | -3.2% | 54 |
| Canton | $240,900 | 2.2% | $-1,040 | -6.9% | 51 |
| Deadwood | $287,000 | 1.4% | $-1,937 | -3.0% | 50 |
| Beresford | $277,500 | 3.1% | $-866 | +0.6% | 48 |
| Elk Point | $246,000 | 1.6% | $-1,220 | +1.3% | 44 |
| Garretson | $410,000 | 1.2% | $-1,605 | +19.9% | 41 |
| Colonial Pine Hills | $542,000 | 1.1% | $-3,088 | -4.8% | 35 |
| Blackhawk | $355,000 | 2.2% | $-1,554 | +2.7% | 33 |
| Brookings | $267,450 | 3.4% | $-788 | -14.2% | 32 |
| Crooks | $325,000 | 1.4% | $-1,720 | +1.8% | 31 |
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