Real Estate Investing in Minnehaha County, South Dakota

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

15 ZIP codes • Population: 204,049

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

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
2.9 / 5 (45/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Minnehaha County, SD?

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2.9/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.6% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $357,822
Avg Monthly Rent $1,166
ZIP Codes 15

Investing in Minnehaha County Real Estate

This is a distressed-leaning county in South Dakota: Minnehaha has 9 cities, 15 ZIPs, and investment math that only works for investors with genuine local understanding.

Minnehaha is the kind of county where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state capital should be especially careful with carry-in assumptions.

The 0% renter share in Minnehaha 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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Landlord Ground Truth

Real numbers from people who own or manage rentals in Minnehaha County, SD. Anonymous, moderated, never written by AI.

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Property managers serving Minnehaha County

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Costello Companies offers apartments and townhomes in South Dakota. summary from their website

Small multifamily
Unclaimed β€” is this your business? Claim it free
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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$357,822
Avg Monthly Rent
$1,166
1% Rule
βœ— Below
Landlord Friendly (SD)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ 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 β†’

πŸŽ“ Colleges & Universities in Minnehaha County

8 Colleges 7,944 Students 1,030 Off-Campus Renters
C+
Augustana University
4-Year Private Β· 2,158 students
C+
Southeast Technical College
2-Year Public Β· 2,478 students
πŸ“ ~1,030 students rent off-campus
C
Stewart School
Vocational For-Profit Β· 148 students
C
University of Sioux Falls
4-Year Private Β· 1,509 students
C
Sanford Medical Center
2-Year Private Β· 27 students
C
Kairos University
4-Year Private Β· 1,105 students
D
California Intercontinental University
4-Year For-Profit Β· 484 students
D
Avera McKennan Hospital School of Radiologic Technology
2-Year Private Β· 35 students

Investor Insight: With 1,030 students living off-campus, Minnehaha County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Minnehaha County

ZIP Codes in Minnehaha County, SD

57106 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 51,780
Avg Home $337,139
Avg Rent $1,238/mo
57103 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 35,282
Avg Home $292,417
Avg Rent $1,524/mo
57104 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 27,406
Avg Home $224,487
Avg Rent $1,313/mo
57105 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 22,764
Avg Home $291,659
Avg Rent $1,212/mo
57110 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 22,017
Avg Home $433,409
Avg Rent $1,364/mo
57005 β˜… β˜… β˜… β˜… β˜…
Brandon
Population 12,140
Avg Home $398,669
Avg Rent $1,325/mo
57107 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 11,655
Avg Home $330,893
Avg Rent $1,290/mo
57033 β˜… β˜… β˜… β˜… β˜…
Hartford
Population 5,947
Avg Home $411,395
Avg Rent $1,189/mo
57022 β˜… β˜… β˜… β˜… β˜…
Dell Rapids
Population 5,476
Avg Home $378,611
Avg Rent $981/mo
57003 β˜… β˜… β˜… β˜… β˜…
Baltic
Population 2,225
Avg Home $367,693
Avg Rent $1,080/mo
57068 β˜… β˜… β˜… β˜… β˜…
Valley Springs
Population 1,699
Avg Home $358,106
Avg Rent $1,098/mo
57020 β˜… β˜… β˜… β˜… β˜…
Crooks
Population 1,553
Avg Home $374,573
Avg Rent $1,170/mo
57035 β˜… β˜… β˜… β˜… β˜…
Humboldt
Population 1,527
Avg Home $340,057
Avg Rent $837/mo
57018 β˜… β˜… β˜… β˜… β˜…
Colton
Population 1,400
Avg Home $314,796
Avg Rent $837/mo
57055 β˜… β˜… β˜… β˜… β˜…
Sioux Falls
Population 1,178
Avg Home $513,435
Avg Rent $1,035/mo

Screen every market in Minnehaha County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Minnehaha County

Do rentals sit vacant long in, SD?

, SD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.

Does, SD favor landlords or tenants?

, SD falls under SD landlord-tenant law, which is tenant-protective. That backdrop makes day-to-day property management reasonable.

What is the typical rental rate in, SD?

Rent in, SD is around $1,166/mo. The resulting rent-to-value relationship with $358K pricing is reasonable for most investor models.

How qualified is the tenant pool in, SD?

, SD draws a stable base of working renters. Demand at the $1,166/mo rent level is reasonable for standard single-family and small multi rentals.

Community Ratings

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