Real Estate Investing in Alcester, South Dakota (57001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57001 (Alcester, 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 price-to-rent: Price-to-rent ratio 28.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Alcester, SD (57001)?
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Market Analysis: 57001 Alcester
From an investor standpoint, ZIP 57001 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $297K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $297K asset, 57001 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within SD, ZIP 57001 trails on several market indicators that neighboring Union County submarkets outperform. The gap is real and notable enough to shape underwriting.
The 57001 ZIP's population of 1,550 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Alcester:
Market Trends
Home Value History (with trend line)
📊 How Does 57001 Compare?
| Metric | 57001 | Alcester | Sioux City, IA-NE-SD | South Dakota |
|---|---|---|---|---|
| Home Value | $297,149 | $297,149 | N/A | $311,504 |
| 5-Year CAGR | 7.7% | 7.7% | N/A | 6.8% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57001 (Alcester, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,149 |
| Monthly Rent | $882 |
| Price-to-Rent | 28.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57001
Population: 1,550
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 57001
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Is real estate in Alcester, SD a good investment right now?
Alcester, SD rates 3.0/5 for investability. With median values at $297K and rents near $882/mo, the market offers reasonable fundamentals for rental investors.
Which investment style suits Alcester, SD?
A careful cash-flow rentals with hands-on management strategy Alcester, SD best. The market produces consistent results for that approach at the $297K price point.
How much do tenants pay in Alcester, SD?
Expect rents around $882/mo per month in Alcester, SD. With home values at $297K, the yield math works out to reasonable levels for rental investors.
How much should I expect to pay for a home in Alcester, SD?
Expect median prices around $297K in Alcester, SD. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
Does house hacking work in Alcester, SD?
House hacking in Alcester, SD is reasonable to execute. Prices around $297K and rents of $882/mo solid owner-occupant economics.
You know 57001 now. You don’t know where it ranks.
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