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

Piedmont, SD has a median modeled monthly cash flow of $-3,438 and a median cap rate of 0.6%, on a median sold price of $410,000. Prices changed -2.8% year over year.

What is the average cap rate in Piedmont, SD?

The median cap rate across recently sold homes in Piedmont, SD is 0.6%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Piedmont, SD?

The median sold price in Piedmont, SD is $410,000 (about $242 per square foot).

Investing in Piedmont, SD Real Estate

A data-driven snapshot of the Piedmont, 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.

$410,000Median sold price

$242Median $/sqft

0.6%Median cap rate

$-3,438Modeled cash flow / mo

-2.8%Appreciation YoY

8.4Months of supply

47Active listings

67Sold (last 12 mo)

What the Piedmont numbers say

In Piedmont, SD, the median home sold for $410,000 (about $242 per square foot), and the typical deal models out to a 0.6% cap rate with a median $-3,438 of monthly cash flow. Sold prices moved -2.8% over the past year. Inventory sits at about 8.4 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 Piedmont cash-flowing listings

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