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

North Spearfish, SD has a median modeled monthly cash flow of $-1,577 and a median cap rate of 2.6%, on a median sold price of $415,000. Prices changed -17.3% year over year.

What is the average cap rate in North Spearfish, SD?

The median cap rate across recently sold homes in North Spearfish, SD is 2.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in North Spearfish, SD?

The median sold price in North Spearfish, SD is $415,000 (about $163 per square foot).

Investing in North Spearfish, SD Real Estate

A data-driven snapshot of the North Spearfish, 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.

$415,000Median sold price

$163Median $/sqft

2.6%Median cap rate

$-1,577Modeled cash flow / mo

-17.3%Appreciation YoY

11.6Months of supply

30Active listings

31Sold (last 12 mo)

What the North Spearfish numbers say

In North Spearfish, SD, the median home sold for $415,000 (about $163 per square foot), and the typical deal models out to a 2.6% cap rate with a median $-1,577 of monthly cash flow. Sold prices moved -17.3% over the past year. Inventory sits at about 11.6 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 North Spearfish cash-flowing listings

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