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 | $329,000 | 2.6% | $-993 | +0.5% | 2,758 |
| Rapid City | $356,000 | 2.6% | $-1,164 | -0.5% | 1,255 |
| Aberdeen | $246,000 | 2.7% | $-890 | +4.3% | 396 |
| Watertown | $285,000 | 2.4% | $-1,059 | +1.5% | 367 |
| Spearfish | $415,000 | 2.2% | $-1,742 | -6.7% | 226 |
| Box Elder | $359,900 | 2.8% | $-1,087 | +0.5% | 224 |
| Yankton | $267,500 | 2.2% | $-1,076 | +0.7% | 223 |
| Brandon | $387,500 | 1.9% | $-1,511 | +4.9% | 213 |
| Harrisburg | $360,000 | 2.5% | $-1,167 | -1.0% | 211 |
| Mitchell | $240,000 | 3.0% | $-771 | +8.3% | 209 |
| Lead | $370,000 | 0.5% | $-3,071 | +22.4% | 172 |
| Sturgis | $345,000 | 2.4% | $-1,212 | -5.6% | 152 |
| Pierre | $265,000 | 3.0% | $-875 | -3.1% | 149 |
| Tea | $382,500 | 2.0% | $-1,370 | +8.3% | 144 |
| Rapid Valley | $315,000 | 4.0% | $-649 | +7.1% | 136 |
| Custer | $350,000 | 1.3% | $-2,335 | +2.9% | 133 |
| Hot Springs | $260,000 | 1.7% | $-1,391 | -2.9% | 125 |
| Belle Fourche | $283,000 | 1.9% | $-1,280 | -0.3% | 125 |
| Vermillion | $270,000 | 2.6% | $-863 | +4.5% | 109 |
| Madison | $240,130 | 3.1% | $-762 | -5.7% | 82 |
| Green Valley | $367,250 | 2.6% | $-994 | -5.6% | 82 |
| Piedmont | $399,000 | 0.9% | $-3,121 | -5.1% | 73 |
| Hartford | $348,500 | 1.8% | $-1,603 | -0.8% | 72 |
| Summerset | $417,500 | 2.4% | $-1,298 | +0.7% | 60 |
| Dakota Dunes | $522,500 | 0.9% | $-2,429 | -1.2% | 60 |
| Lennox | $320,000 | 1.9% | $-1,100 | +9.8% | 59 |
| Whitewood | $339,900 | 0.8% | $-2,204 | -0.2% | 55 |
| Milbank | $165,500 | 3.6% | $-518 | +5.6% | 54 |
| Dell Rapids | $305,000 | 3.7% | $-667 | +4.3% | 53 |
| Deadwood | $294,000 | 1.4% | $-1,891 | +0.4% | 51 |
| Hill City | $305,000 | 0.6% | $-3,063 | -4.2% | 48 |
| Canton | $240,900 | 2.9% | $-765 | -18.5% | 47 |
| Beresford | $293,700 | 3.2% | $-787 | -1.3% | 46 |
| Elk Point | $248,500 | 2.0% | $-1,117 | -4.3% | 42 |
| Huron | $164,000 | 4.0% | $-423 | -8.3% | 37 |
| Garretson | $339,950 | 1.4% | $-1,443 | +5.5% | 36 |
| Colonial Pine Hills | $560,000 | 1.3% | $-2,860 | -6.5% | 35 |
| Brookings | $270,950 | 3.5% | $-763 | -18.2% | 32 |
| North Spearfish | $415,000 | 2.6% | $-1,577 | -17.3% | 31 |
| Blackhawk | $340,000 | 2.5% | $-1,328 | -5.1% | 30 |
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