Rental Markets in South Dakota

DoorBase tracks rental market data across South Dakota by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

South Dakota Rental Market Overview

The current sample of indexable South Dakota ZIP markets shows average median rent of $960, average median home value of $291,578, average cap-rate high of 3.6%, average vacancy of 12.3%, renter ratio near 30.3%, and median household income around $72,623. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

South Dakota is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured South Dakota ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
57106	Sioux Falls	$1,236	1.9-3.5%	1.8%	51,780
57701	Rapid City	$1,429	2.6-4.2%	8.8%	45,221
57702	Rapid City	$1,495	1.6-3.2%	8.4%	35,771
57103	Sioux Falls	$1,442	2.8-4.4%	7%	35,282
57108	Sioux Falls	$1,364	1.5-3.1%	1.4%	32,888
57401	Aberdeen	$1,097	2.4-4%	7.6%	32,064
57104	Sioux Falls	$1,287	3.4-5%	11.2%	27,406
57201	Watertown	$1,115	1.6-3.2%	7%	26,375
57006	Brookings	$1,194	1.8-3.4%	9.4%	23,838
57105	Sioux Falls	$1,205	2.2-3.8%	6.7%	22,764
57110	Sioux Falls	$1,332	1.4-3%	3.1%	22,017
57078	Yankton	$777	1.2-2.8%	6.7%	20,547
57301	Mitchell	$960	1.9-3.5%	8.7%	19,142
57703	Rapid City	$1,582	2.4-4%	8.3%	17,543
57501	Pierre	$1,354	2.5-4.1%	8.5%	17,456
57783	Spearfish	$1,514	1.6-3.2%	8.8%	16,929
57350	Huron	$840	2.5-4.1%	11.7%	16,148
57069	Vermillion	$813	1.3-2.9%	10.4%	12,937
57005	Brandon	$1,394	1.7-3.3%	4%	12,140
57107	Sioux Falls	$1,267	2-3.6%	3.1%	11,655
57719	Box Elder	$1,517	2.2-3.8%	10.5%	11,475
57785	Sturgis	$842	0.8-2.4%	9.3%	10,705
57032	Harrisburg	$1,272	1.7-3.3%	5.6%	9,558
57717	Belle Fourche	$937	1.1-2.7%	9.3%	8,711
57042	Madison	$877	1.5-3.1%	13.8%	7,900
57049	North Sioux City	$1,579	1.9-3.5%	2.9%	7,814
57064	Tea	$1,266	1.5-3.1%	4.9%	7,619
57718	Black Hawk	$1,375	1.8-3.4%	3.1%	7,329
57033	Hartford	$949	0.9-2.5%	3.8%	5,947
57747	Hot Springs	$850	1-2.6%	13.6%	5,889
57730	Custer	$1,070	0.8-2.4%	24.3%	5,647
57022	Dell Rapids	$940	1-2.6%	3.7%	5,476
57770	Pine Ridge	$633	7.6-9.2%	19.2%	5,384
57262	Sisseton	$656	1.5-3.1%	13.9%	5,043
57252	Milbank	$525	0.9-2.5%	13.5%	4,882
57013	Canton	$704	0.9-2.5%	8.9%	4,378
57580	Winner	$852	2.4-4%	18.2%	4,271
57769	Piedmont	$1,030	0.7-2.3%	4.7%	4,017
57004	Beresford	$816	1-2.6%	7.4%	3,900
57039	Lennox	$925	1.2-2.8%	3%	3,875
57625	Eagle Butte	$718	6.4-8%	14%	3,857
57754	Lead	$849	0.8-2.4%	40.6%	3,605
57555	Mission	$535	4.4-6%	17.2%	3,530
57601	Mobridge	$969	4.5-6.1%	10.4%	3,483
57380	Wagner	$724	2.6-4.2%	14.7%	3,335
57325	Chamberlain	$685	1.1-2.7%	14.9%	3,237
57071	Volga	$1,026	1.3-2.9%	12.1%	3,207
57025	Elk Point	$738	1-2.6%	6%	3,165
57028	Flandreau	$661	1.2-2.8%	13.2%	3,112
57469	Redfield	$708	2.3-3.9%	19.4%	3,094
57706	Ellsworth Afb	$1,657	not available	8.7%	3,009
57532	Fort Pierre	$896	1.3-2.9%	12.4%	2,911
57366	Parkston	$748	1.4-3%	7.6%	2,619
57030	Garretson	$731	0.5-2.1%	3.8%	2,617
57274	Webster	$619	1.1-2.7%	13.2%	2,611
57369	Platte	$869	1-2.6%	8.1%	2,605
57451	Ipswich	$1,019	1.7-3.3%	7%	2,568
57752	Kyle	$578	not available	20.1%	2,539
57062	Springfield	$767	2.1-3.7%	17.8%	2,531
57029	Freeman	$803	1.5-3.1%	10.6%	2,317

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 11.0% in ZIP 57764 (Oglala).

The lowest vacancy in this sample is 1.4% in ZIP 57108 (Sioux Falls).

The highest median rent in this sample is $1,657 in ZIP 57706 (Ellsworth Afb).

The highest median household income in this sample is $110,673 in ZIP 57744 (Hermosa).

Rental Markets by City

Sioux Falls

Sioux Falls has 7 ZIP codes in this sample. Median rents range from $1,205 to $1,442. Estimated cap-rate bands reach up to 5.0% at the high end. Vacancy averages 4.9%. See ZIP 57106 for the full market profile.

Rapid City

Rapid City has 3 ZIP codes in this sample. Median rents range from $1,429 to $1,582. Estimated cap-rate bands reach up to 4.2% at the high end. Vacancy averages 8.5%. See ZIP 57701 for the full market profile.

Aberdeen

Aberdeen has 1 ZIP code in this sample. Sample median rent is $1,097. Estimated cap-rate bands reach up to 4.0% at the high end. Vacancy averages 7.6%. See ZIP 57401 for the full market profile.

Watertown

Watertown has 1 ZIP code in this sample. Sample median rent is $1,115. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 7.0%. See ZIP 57201 for the full market profile.

Brookings

Brookings has 1 ZIP code in this sample. Sample median rent is $1,194. Estimated cap-rate bands reach up to 3.4% at the high end. Vacancy averages 9.4%. See ZIP 57006 for the full market profile.

Yankton

Yankton has 1 ZIP code in this sample. Sample median rent is $777. Estimated cap-rate bands reach up to 2.8% at the high end. Vacancy averages 6.7%. See ZIP 57078 for the full market profile.

Mitchell

Mitchell has 1 ZIP code in this sample. Sample median rent is $960. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 8.7%. See ZIP 57301 for the full market profile.

Pierre

Pierre has 1 ZIP code in this sample. Sample median rent is $1,354. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 8.5%. See ZIP 57501 for the full market profile.

Spearfish

Spearfish has 1 ZIP code in this sample. Sample median rent is $1,514. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 8.8%. See ZIP 57783 for the full market profile.

Huron

Huron has 1 ZIP code in this sample. Sample median rent is $840. Estimated cap-rate bands reach up to 4.1% at the high end. Vacancy averages 11.7%. See ZIP 57350 for the full market profile.

Vermillion

Vermillion has 1 ZIP code in this sample. Sample median rent is $813. Estimated cap-rate bands reach up to 2.9% at the high end. Vacancy averages 10.4%. See ZIP 57069 for the full market profile.

Brandon

Brandon has 1 ZIP code in this sample. Sample median rent is $1,394. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 4.0%. See ZIP 57005 for the full market profile.

How to Use the South Dakota Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/sd/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 72 South Dakota cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.