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

Pierre, SD has a median modeled monthly cash flow of $-805 and a median cap rate of 3.1%, on a median sold price of $257,500. Prices changed -3.1% year over year.

What is the average cap rate in Pierre, SD?

The median cap rate across recently sold homes in Pierre, SD is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Pierre, SD?

The median sold price in Pierre, SD is $257,500 (about $140 per square foot).

Investing in Pierre, SD Real Estate

A data-driven snapshot of the Pierre, 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.

$257,500Median sold price

$140Median $/sqft

3.1%Median cap rate

$-805Modeled cash flow / mo

-3.1%Appreciation YoY

7.8Months of supply

90Active listings

139Sold (last 12 mo)

What the Pierre numbers say

In Pierre, SD, the median home sold for $257,500 (about $140 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-805 of monthly cash flow. Sold prices moved -3.1% over the past year. Inventory sits at about 7.8 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 Pierre cash-flowing listings

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