Real Estate Investing in Madison, South Dakota

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

1 ZIP codes • Population: 7,900 • Lake County

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Should you buy in Madison, 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
1 flag
  • High vacancy: 13.9% of homes vacant — above national norms.

What’s happening in Madison, SD?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.1% 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 $273,405
Avg Monthly Rent $864
ZIP Codes 1

Investing in Madison Real Estate

Across Madison's 1 ZIPs, the picture is thin: $273K median values, $864/mo rents, and a population that has faced real economic pressure.

Across Madison's 1 ZIPs, fundamentals run sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

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

Distressed-leaning demographics in Madison — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$273,405
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (SD)

🎓 Colleges & Universities in Madison

1 College 3,508 Students 49 Off-Campus Renters
C
Dakota State University
4-Year Public · 3,508 students

ZIP Codes in Madison, SD

Screen every ZIP in Madison

Filter Madison’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 Madison, SD

Should investors worry about vacancy in Madison, SD?

Madison, SD sees elevated vacancy, which is reasonable relative to the broader SD rental market.

Where do rents currently stand in Madison, SD?

Investors in Madison, SD typically see rents near $864/mo per month against $273K home values - a solid setup for rental cash flow.

Are renters plentiful in Madison, SD?

Madison, SD draws a consistent base of working renters. Demand at the $864/mo rent level is reasonable for standard single-family and small multi rentals.

Where do home prices stand in Madison, SD?

Madison, SD median home values land near $273K. That is reasonable territory for investors looking at $864/mo-per-month rentals.

What kind of market is Madison, SD for investors?

Investors tracking Madison, SD will find a 3.0/5 rating supported by $273K median home values and $864/mo rents. That profile suits long-term holders targeting consistent returns.

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