Real Estate Investing in Alcester, South Dakota

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1 ZIP codes • Population: 1,550 • Union County

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Should you buy in Alcester, SD? Our answer, based on the numbers below.

🏠 For Homebuyers
GOOD FIT
Grade B (77/100)

Solid choice — values are growing steadily and the market is stable enough to buy with confidence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Alcester, SD?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.7% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $297,149
Avg Monthly Rent $882
ZIP Codes 1

Investing in Alcester Real Estate

Alcester in South Dakota is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Alcester is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

Transaction volume in Alcester has thinned in a way that amplifies price discovery risk. From a cash-flow lens, investors without local context should treat every number on the page with skepticism.

A an established population with $N/AK household income profile is what makes Alcester a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Sioux City, IA-NE-SD

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Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$297,149
Avg Monthly Rent
$882
1% Rule
✗ Below
Landlord Friendly (SD)

ZIP Codes in Alcester, SD

Screen every ZIP in Alcester

Filter Alcester’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Alcester, SD

What approach is best for Alcester, SD real estate?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Alcester, SD. The numbers - $297K homes against $882/mo rents - support that play.

What are home prices like in Alcester, SD?

Median home price in Alcester, SD is near $297K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

What do landlords charge for rent in Alcester, SD?

Rent in Alcester, SD is around $882/mo. The resulting rent-to-value relationship with $297K pricing is reasonable for most investor models.

Do rentals sit vacant long in Alcester, SD?

Expect elevated vacancy in Alcester, SD. Rents at $882/mo are absorbed by the tenant base without meaningful lag.

What is the typical renter like in Alcester, SD?

Alcester, SD offers a reliable renter base at the $882/mo rent level. Tenant turnover is reasonable for well-managed properties.

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