Real Estate Investing in Parker, South Dakota

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

1 ZIP codes • Population: 2,132 • Turner County

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Should you buy in Parker, 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: 13.2% of homes vacant — above national norms.

What’s happening in Parker, SD?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

7.0% 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 $346,717
Avg Monthly Rent $999
ZIP Codes 1

Investing in Parker Real Estate

Parker, SD covers 1 ZIP codes and a population but the investment metrics here are subdued — this is not a market to enter casually.

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

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

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

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Best ZIP codes in Sioux Falls, SD

Parker 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
$346,717
Avg Monthly Rent
$999
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 Parker, SD

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Filter Parker’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 Parker, SD

What do landlords charge for rent in Parker, SD?

Investors in Parker, SD typically see rents near $999/mo per month against $347K home values - a solid setup for rental cash flow.

What are home prices like in Parker, SD?

In Parker, SD the median home value sits at $347K. Against the broader SD market, that reads as reasonable for most investors.

What is the investability score for Parker, SD?

With a 3.0/5 investability score, Parker, SD ranks as a solid market for rental property investors. Median prices of $347K and rents of $999/mo drive the underlying numbers.

Can owner-occupants cash flow in Parker, SD?

House hacking in Parker, SD is a challenging. With home values around $347K and rents at $999/mo, owner-occupants can offset a meaningful share of PITI.

Do rentals sit vacant long in Parker, SD?

Occupancy in Parker, SD runs even-keeled with elevated vacancy. Well-priced units at $999/mo lease on reasonable timelines.

Community Ratings

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