Real Estate Investing in Centerville, South Dakota

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1 ZIP codes • Population: 1,711 • Turner County

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Should you buy in Centerville, 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 Centerville, SD?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.8% 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 $299,414
Avg Monthly Rent $837
ZIP Codes 1

Investing in Centerville Real Estate

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

The investment case for Centerville is difficult to make on screen data alone. a harder case for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Transaction volume in Centerville has thinned in a way that amplifies price discovery risk. On balance, investors without local context should treat every number on the page with skepticism.

Population dynamics in Centerville haven't been supportive. a stretch for combined with lackluster 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 Sioux Falls, SD

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Centerville, SD. Anonymous, moderated, never written by AI.

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Avg Home Value
$299,414
Avg Monthly Rent
$837
1% Rule
✗ Below
Landlord Friendly (SD)

📉 Market Crash Risk Index

Based on Sioux Falls, SD metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
51%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Sioux Falls, SD metro
0
Days to pending
9.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Centerville, SD

Screen every ZIP in Centerville

Filter Centerville’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 Centerville, SD

Do landlords face vacancy issues in Centerville, SD?

Expect elevated vacancy in Centerville, SD. Rents at $837/mo are absorbed by the tenant base without meaningful lag.

What do landlords charge for rent in Centerville, SD?

Rent in Centerville, SD is around $837/mo. The resulting rent-to-value relationship with $299K pricing is reasonable for most investor models.

Does Centerville, SD favor landlords or tenants?

Rental owners in Centerville, SD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

What kind of tenants rent in Centerville, SD?

Tenant quality in Centerville, SD ranks as solid. Landlords generally report predictable occupancy at market rents of $837/mo.

How does Centerville, SD rate as a rental market?

Centerville, SD scores 3.0/5 for investability. Home values sit at $299K and rents near $837/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

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