Real Estate Investing in Aurora, South Dakota (57002)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57002 (Aurora, 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 30.4 — 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 Aurora, SD (57002)?
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Market Analysis: 57002 Aurora
ZIP 57002 in Aurora, SD carries a resilient set of headwinds. Home values near $305K and rents of $837/mo sit inside a market where underwriting has to be tight.
Rent of $837/mo on a $305K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57002 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 57002 among SD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 24% in 57002 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 57002, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Aurora:
Property Strategy for 57002
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $274,367 | $930 | 2.4% | +6.7% | $137,184 |
| 3BR | $271,333 | $1,290 | 3.4% | +7.2% | $90,444 |
| 4BR | $305,657 | $1,560 | 3.7% | +6.7% | $76,414 |
Market Trends
Home Value History (with trend line)
📊 How Does 57002 Compare?
| Metric | 57002 | Aurora | Brookings, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $305,425 | $305,425 | N/A | $311,504 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 6.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57002 (Aurora, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,425 |
| Monthly Rent | $837 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.1%). 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 57002
Population: 1,615
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much should I expect to pay for a home in Aurora, SD?
Typical homes in Aurora, SD go for around $305K. The 5-year CAGR of 0.0% stable price movement.
Is Aurora, SD landlord-friendly?
SD law landlord-friendly for landlords, and Aurora inherits those rules. Investors should still review local ordinances for rental licensing.
Is the tenant base reliable in Aurora, SD?
Tenant demand in Aurora, SD is solid. The local workforce $837/mo rents across most rental classes.
How much rent can I charge in Aurora, SD?
Aurora, SD rentals go for roughly $837/mo a month. That puts gross yield in solid territory relative to $305K acquisition costs.
What are vacancy rates like in Aurora, SD?
Vacancy in Aurora, SD is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
You know 57002 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57002 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 57002 ranks in Brookings, SD
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