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

Milbank, SD has a median modeled monthly cash flow of $-672 and a median cap rate of 3.0%, on a median sold price of $157,000. Prices changed +1.2% year over year.

What is the average cap rate in Milbank, SD?

The median cap rate across recently sold homes in Milbank, SD is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Milbank, SD?

The median sold price in Milbank, SD is $157,000 (about $82 per square foot).

Investing in Milbank, SD Real Estate

A data-driven snapshot of the Milbank, 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.

$157,000Median sold price

$82Median $/sqft

3.0%Median cap rate

$-672Modeled cash flow / mo

+1.2%Appreciation YoY

8.1Months of supply

37Active listings

55Sold (last 12 mo)

What the Milbank numbers say

In Milbank, SD, the median home sold for $157,000 (about $82 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-672 of monthly cash flow. Sold prices moved +1.2% over the past year. Inventory sits at about 8.1 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 Milbank cash-flowing listings

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