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% | $-1,017 | +0.0% | 2,791 |
| Rapid City | $340,000 | 2.5% | $-1,222 | -1.9% | 1,122 |
| Aberdeen | $225,250 | 2.9% | $-877 | +1.8% | 390 |
| Watertown | $285,000 | 2.3% | $-1,174 | +1.5% | 358 |
| Box Elder | $358,000 | 2.8% | $-1,074 | -1.5% | 244 |
| Harrisburg | $360,000 | 2.4% | $-1,191 | -1.3% | 230 |
| Brandon | $383,500 | 2.0% | $-1,557 | +3.0% | 209 |
| Lead | $312,800 | 0.4% | $-3,744 | +2.4% | 202 |
| Spearfish | $412,000 | 2.2% | $-1,964 | +0.0% | 200 |
| Mitchell | $241,500 | 2.5% | $-869 | +10.5% | 184 |
| Tea | $381,000 | 1.7% | $-1,512 | -0.9% | 156 |
| Pierre | $263,500 | 3.4% | $-746 | +2.8% | 142 |
| Rapid Valley | $309,900 | 4.0% | $-584 | +11.8% | 141 |
| Sturgis | $325,000 | 1.5% | $-1,480 | +13.9% | 137 |
| Belle Fourche | $282,000 | 1.8% | $-1,248 | +1.6% | 123 |
| Custer | $382,000 | 1.3% | $-2,664 | +1.2% | 111 |
| Green Valley | $369,900 | 2.4% | $-1,040 | -12.0% | 110 |
| Vermillion | $270,000 | 2.5% | $-1,024 | +4.5% | 101 |
| Summerset | $446,000 | 1.4% | $-2,322 | +1.5% | 98 |
| Hot Springs | $225,000 | 1.5% | $-1,458 | +4.7% | 94 |
| Madison | $230,000 | 2.8% | $-829 | -0.4% | 87 |
| Dakota Dunes | $525,000 | 1.1% | $-2,510 | +7.8% | 73 |
| Hill City | $290,000 | 0.5% | $-3,517 | +0.0% | 68 |
| Hartford | $342,450 | 1.3% | $-1,673 | +3.0% | 68 |
| Huron | $185,000 | 4.0% | $-450 | -2.1% | 68 |
| Dell Rapids | $320,000 | 3.1% | $-881 | +6.3% | 62 |
| Canton | $257,700 | 2.0% | $-1,473 | -4.2% | 62 |
| Deadwood | $387,500 | 0.7% | $-2,802 | +15.3% | 62 |
| Colonial Pine Hills | $639,950 | 1.0% | $-3,385 | -9.3% | 60 |
| Lennox | $309,645 | 1.8% | $-1,136 | +7.7% | 60 |
| Milbank | $163,500 | 3.6% | $-521 | +12.5% | 56 |
| Blackhawk | $434,500 | 1.7% | $-2,280 | +12.6% | 52 |
| Whitewood | $315,500 | 0.9% | $-1,747 | -0.5% | 48 |
| Johnson Siding | $548,500 | 1.3% | $-2,481 | +15.5% | 47 |
| Beresford | $279,450 | 3.1% | $-794 | -6.0% | 44 |
| Brookings | $285,850 | 3.2% | $-839 | -16.6% | 40 |
| Boulder Canyon | $550,000 | 0.7% | $-3,917 | +2.8% | 37 |
| Crooks | $332,500 | 1.7% | $-1,719 | +1.8% | 34 |
| Worthing | $292,500 | 2.2% | $-1,101 | +6.6% | 32 |
| Big Stone City | $177,500 | 1.9% | $-956 | -25.9% | 30 |
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