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

Mitchell, SD has a median modeled monthly cash flow of $-770 and a median cap rate of 2.9%, on a median sold price of $241,500. Prices changed +7.1% year over year.

What is the average cap rate in Mitchell, SD?

The median cap rate across recently sold homes in Mitchell, SD is 2.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Mitchell, SD?

The median sold price in Mitchell, SD is $241,500 (about $142 per square foot).

Investing in Mitchell, SD Real Estate

A data-driven snapshot of the Mitchell, 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.

$241,500Median sold price

$142Median $/sqft

2.9%Median cap rate

$-770Modeled cash flow / mo

+7.1%Appreciation YoY

10.0Months of supply

171Active listings

206Sold (last 12 mo)

What the Mitchell numbers say

In Mitchell, SD, the median home sold for $241,500 (about $142 per square foot), and the typical deal models out to a 2.9% cap rate with a median $-770 of monthly cash flow. Sold prices moved +7.1% over the past year. Inventory sits at about 10.0 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 Mitchell cash-flowing listings

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