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

Milbank, SD has a median modeled monthly cash flow of $-521 and a median cap rate of 3.6%, on a median sold price of $163,500. Prices changed +12.5% year over year.

What is the average cap rate in Milbank, SD?

The median cap rate across recently sold homes in Milbank, SD is 3.6%, 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 $163,500 (about $81 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.

$163,500Median sold price

$81Median $/sqft

3.6%Median cap rate

$-521Modeled cash flow / mo

+12.5%Appreciation YoY

6.0Months of supply

28Active listings

56Sold (last 12 mo)

What the Milbank numbers say

In Milbank, SD, the median home sold for $163,500 (about $81 per square foot), and the typical deal models out to a 3.6% cap rate with a median $-521 of monthly cash flow. Sold prices moved +12.5% over the past year. Inventory sits at about 6.0 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 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.