Real Estate Investing in Marion, South Dakota

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1 ZIP codes • Population: 1,625 • Turner County

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

🏠 For Homebuyers
MIXED
Grade C (67/100)

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: 8.4% vacancy may signal weakening demand.

What’s happening in Marion, SD?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.9% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.95% as of Sep 17 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $294,323
Avg Monthly Rent $855
ZIP Codes 1

Investing in Marion Real Estate

This is a distressed-leaning corner of South Dakota: Marion has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

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

Market conditions in Marion 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.

Marion's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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Best ZIP codes in Sioux Falls, SD

Marion 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
$294,323
Avg Monthly Rent
$855
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 Marion, SD

Screen every ZIP in Marion

Filter Marion’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 Marion, SD

How much rent can I charge in Marion, SD?

Marion, SD rentals go for roughly $855/mo a month. That puts gross yield in solid territory relative to $294K acquisition costs.

Do rentals sit vacant long in Marion, SD?

Rental vacancy in Marion, SD is elevated. Investors should budget normal turnover but not chronic empty units.

How does Marion, SD rate as a rental market?

Marion, SD rates 3.0/5 for investability. With median values at $294K and rents near $855/mo, the market offers reasonable fundamentals for rental investors.

Does house hacking make sense in Marion, SD?

House hacking works a challenging in Marion, SD. Rents of $855/mo against $294K acquisition make the strategy solid for owner-occupants.

What strategy should investors use in Marion, SD?

A careful cash-flow rentals with hands-on management strategy Marion, SD best. The market produces consistent results for that approach at the $294K price point.

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