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

Madison, SD has a median modeled monthly cash flow of $-762 and a median cap rate of 3.1%, on a median sold price of $240,130. Prices changed -5.7% year over year.

What is the average cap rate in Madison, SD?

The median cap rate across recently sold homes in Madison, SD is 3.1%, 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 $240,130 (about $134 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.

$240,130Median sold price

$134Median $/sqft

3.1%Median cap rate

$-762Modeled cash flow / mo

-5.7%Appreciation YoY

12.3Months of supply

84Active listings

82Sold (last 12 mo)

What the Madison numbers say

In Madison, SD, the median home sold for $240,130 (about $134 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-762 of monthly cash flow. Sold prices moved -5.7% over the past year. Inventory sits at about 12.3 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 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.