Real Estate Investing in Lemmon, South Dakota
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Should you buy in Lemmon, SD? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 28.9% of homes vacant — above national norms.
What’s happening in Lemmon, SD?
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Market Trends — Lemmon, SD
Home Value History
Investing in Lemmon Real Estate
Lemmon (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.
Across Lemmon's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.
Rent trends and price trends in Lemmon are both soft, which is the uncomfortable combination that defines distressed-leaning markets in South Dakota.
Lemmon's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.
Landlord Ground Truth
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ZIP Codes in Lemmon, SD
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View PlansFrequently Asked Questions About Lemmon, SD
Can I house hack in Lemmon, SD?
The house hack math a challenging in Lemmon, SD. Owner-occupant buyers benefit from the $837/mo rents and $116K home values.
Is Lemmon, SD a good market for buy-and-hold investors?
Lemmon, SD scores 3.0/5 for investability. Home values sit at $116K and rents near $837/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are homes affordable in Lemmon, SD?
Typical homes in Lemmon, SD go for around $116K. The 5-year CAGR of 0.0% reliable price movement.
How strong are rents in Lemmon, SD?
Expect rents around $837/mo per month in Lemmon, SD. With home values at $116K, the yield math works out to reasonable levels for rental investors.
How strict are landlord regulations in Lemmon, SD?
Lemmon, SD falls under SD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
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