Is Brookings, SD a good place to invest in rental property?

Brookings, SD has a median modeled monthly cash flow of $-839 and a median cap rate of 3.2%, on a median sold price of $285,850. Prices changed -16.6% year over year.

What is the average cap rate in Brookings, SD?

The median cap rate across recently sold homes in Brookings, SD is 3.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Brookings, SD?

The median sold price in Brookings, SD is $285,850 (about $144 per square foot).

Investing in Brookings, SD Real Estate

A data-driven snapshot of the Brookings, SD rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$285,850Median sold price

$144Median $/sqft

3.2%Median cap rate

$-839Modeled cash flow / mo

-16.6%Appreciation YoY

6.3Months of supply

21Active listings

40Sold (last 12 mo)

What the Brookings numbers say

In Brookings, SD, the median home sold for $285,850 (about $144 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-839 of monthly cash flow. Sold prices moved -16.6% over the past year. Inventory sits at about 6.3 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other South Dakota markets to compare

See Brookings cash-flowing listings

CashFlowRE ranks every for-sale home in Brookings, SD by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Brookings deals, or browse the national market data.