Real Estate Investing in Blackhawk, South Dakota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 7,329 • Meade County

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

🏠 For Homebuyers
MIXED
Grade C (61/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 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 Blackhawk, SD?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.9% 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 $375,950
Avg Monthly Rent $1,375
ZIP Codes 1

Investing in Blackhawk Real Estate

Blackhawk (South Dakota) spans 1 ZIPs and roughly a sizable population. plainly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

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

Market conditions in Blackhawk are modest. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Population dynamics in Blackhawk haven't been supportive. less favorable for combined with modest income growth, the demographic backdrop complicates any purely financial underwriting.

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 Rapid City, SD

Blackhawk is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$375,950
Avg Monthly Rent
$1,375
1% Rule
✗ Below
Landlord Friendly (SD)

📉 Market Crash Risk Index

Based on Rapid City, SD metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
61%
Days Pending
1/2
50 days

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❄️ Cool Market — Rapid City, SD metro
50
Days to pending
10.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Blackhawk, SD

Screen every ZIP in Blackhawk

Filter Blackhawk’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 Blackhawk, SD

Does Blackhawk, SD make sense for an investment property?

Yes - Blackhawk, SD a 3.0/5 investability score. With $376K home prices against $1,375/mo monthly rent, the market delivers a reasonable entry point for new investors.

Are tenants stable in Blackhawk, SD?

The tenant pool in Blackhawk, SD is solid, supported by local employment and population fundamentals. Rents of $1,375/mo are well-absorbed by the market.

What do rentals go for in Blackhawk, SD?

Blackhawk, SD rentals go for roughly $1,375/mo a month. That puts gross yield in solid territory relative to $376K acquisition costs.

Should investors worry about vacancy in Blackhawk, SD?

Blackhawk, SD carries elevated vacancy risk. Expect reliable absorption at market rents of $1,375/mo.

Can owner-occupants cash flow in Blackhawk, SD?

The house hack math a challenging in Blackhawk, SD. Owner-occupant buyers benefit from the $1,375/mo rents and $376K home values.

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