Real Estate Investing in Freeman, South Dakota

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

1 ZIP codes • Population: 2,317 • Hutchinson County

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

🏠 For Homebuyers
MIXED
Grade C (62/100)

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
1 flag
  • Elevated vacancy: 11.4% vacancy may signal weakening demand.

What’s happening in Freeman, SD?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.9% 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 $254,487
Avg Monthly Rent $837
ZIP Codes 1

Investing in Freeman Real Estate

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

clearly Freeman's aggregate rating of ★★★☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

decisively Freeman's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

The 0% renter share in Freeman masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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

Freeman 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
$254,487
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 Freeman, SD

Screen every ZIP in Freeman

Filter Freeman’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 Freeman, SD

How expensive is real estate in Freeman, SD?

The median home value in Freeman, SD is roughly $254K. That puts it reasonable relative to the SD statewide average.

How do experienced investors play Freeman, SD?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Freeman, SD. The numbers - $254K homes against $837/mo rents - support that play.

What is it like being a landlord in Freeman, SD?

SD law landlord-friendly for landlords, and Freeman inherits those rules. Investors should still review local ordinances for rental licensing.

What does house hacking look like in Freeman, SD?

For house hackers, Freeman, SD is a challenging. The $837/mo rent on a unit helps defray the mortgage on a $254K property.

How strong is the working-renter base in Freeman, SD?

The renter base in Freeman, SD is reasonable for the $837/mo price point. Screening well and pricing to market typically yields measured tenants.

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