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

Spearfish, SD has a median modeled monthly cash flow of $-1,964 and a median cap rate of 2.2%, on a median sold price of $412,000. Prices changed +0.0% year over year.

What is the average cap rate in Spearfish, SD?

The median cap rate across recently sold homes in Spearfish, SD is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spearfish, SD?

The median sold price in Spearfish, SD is $412,000 (about $216 per square foot).

Investing in Spearfish, SD Real Estate

A data-driven snapshot of the 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.

$412,000Median sold price

$216Median $/sqft

2.2%Median cap rate

$-1,964Modeled cash flow / mo

+0.0%Appreciation YoY

8.3Months of supply

138Active listings

200Sold (last 12 mo)

What the Spearfish numbers say

In Spearfish, SD, the median home sold for $412,000 (about $216 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,964 of monthly cash flow. Sold prices moved +0.0% over the past year. Inventory sits at about 8.3 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 Spearfish cash-flowing listings

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