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

Madison, SD has a median modeled monthly cash flow of $-829 and a median cap rate of 2.8%, on a median sold price of $230,000. Prices changed -0.4% year over year.

What is the average cap rate in Madison, SD?

The median cap rate across recently sold homes in Madison, SD is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Madison, SD?

The median sold price in Madison, SD is $230,000 (about $142 per square foot).

Investing in Madison, SD Real Estate

A data-driven snapshot of the Madison, 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.

$230,000Median sold price

$142Median $/sqft

2.8%Median cap rate

$-829Modeled cash flow / mo

-0.4%Appreciation YoY

7.0Months of supply

51Active listings

87Sold (last 12 mo)

What the Madison numbers say

In Madison, SD, the median home sold for $230,000 (about $142 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-829 of monthly cash flow. Sold prices moved -0.4% over the past year. Inventory sits at about 7.0 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 Madison cash-flowing listings

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