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

Harrisburg, SD has a median modeled monthly cash flow of $-1,146 and a median cap rate of 2.5%, on a median sold price of $359,900. Prices changed -1.5% year over year.

What is the average cap rate in Harrisburg, SD?

The median cap rate across recently sold homes in Harrisburg, SD is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Harrisburg, SD?

The median sold price in Harrisburg, SD is $359,900 (about $194 per square foot).

Investing in Harrisburg, SD Real Estate

A data-driven snapshot of the Harrisburg, 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.

$359,900Median sold price

$194Median $/sqft

2.5%Median cap rate

$-1,146Modeled cash flow / mo

-1.5%Appreciation YoY

9.0Months of supply

161Active listings

214Sold (last 12 mo)

What the Harrisburg numbers say

In Harrisburg, SD, the median home sold for $359,900 (about $194 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-1,146 of monthly cash flow. Sold prices moved -1.5% over the past year. Inventory sits at about 9.0 months of supply — a looser, buyer-friendly market. 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 Harrisburg cash-flowing listings

CashFlowRE ranks every for-sale home in Harrisburg, 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 Harrisburg deals, or browse the national market data.