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

Rapid Valley, SD has a median modeled monthly cash flow of $-692 and a median cap rate of 3.8%, on a median sold price of $315,000. Prices changed +8.3% year over year.

What is the average cap rate in Rapid Valley, SD?

The median cap rate across recently sold homes in Rapid Valley, SD is 3.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Rapid Valley, SD?

The median sold price in Rapid Valley, SD is $315,000 (about $209 per square foot).

Investing in Rapid Valley, SD Real Estate

A data-driven snapshot of the Rapid Valley, 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.

$315,000Median sold price

$209Median $/sqft

3.8%Median cap rate

$-692Modeled cash flow / mo

+8.3%Appreciation YoY

7.7Months of supply

87Active listings

135Sold (last 12 mo)

What the Rapid Valley numbers say

In Rapid Valley, SD, the median home sold for $315,000 (about $209 per square foot), and the typical deal models out to a 3.8% cap rate with a median $-692 of monthly cash flow. Sold prices moved +8.3% over the past year. Inventory sits at about 7.7 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 Rapid Valley cash-flowing listings

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