Real Estate Investing in Beresford, South Dakota (57004)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57004 (Beresford, SD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
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 Beresford, SD (57004)?
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Market Analysis: 57004 Beresford
Investors eyeing 57004 need to respect the fundamentals at play. Home values of $332K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 57004 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader SD picture, 57004 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 57004 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 57004 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Beresford:
Property Strategy for 57004
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,449 | $1,010 | 3.2% | — | $113,725 |
| 3BR | $312,726 | $1,290 | 3.0% | +8.6% | $104,242 |
| 4BR | $341,295 | $1,560 | 3.3% | — | $85,324 |
Market Trends
Home Value History (with trend line)
📊 How Does 57004 Compare?
| Metric | 57004 | Beresford | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $331,869 | $331,869 | N/A | $311,504 |
| 5-Year CAGR | 7.5% | 7.5% | N/A | 6.8% |
| Avg Rent | $909 | $909 | 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 57004 (Beresford, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,869 |
| Monthly Rent | $909 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 57004
Population: 3,900
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 57004
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
What is the smart move for investors in Beresford, SD?
A careful cash-flow rentals with hands-on management strategy Beresford, SD best. The market produces reliable results for that approach at the $332K price point.
What kind of tenants rent in Beresford, SD?
The renter base in Beresford, SD is reasonable for the $909/mo price point. Screening well and pricing to market typically yields stable tenants.
How much do tenants pay in Beresford, SD?
Investors in Beresford, SD typically see rents near $909/mo per month against $332K home values - a solid setup for rental cash flow.
Does house hacking make sense in Beresford, SD?
For house hackers, Beresford, SD is a challenging. The $909/mo rent on a unit helps defray the mortgage on a $332K property.
How high is vacancy risk in Beresford, SD?
Beresford, SD sees elevated vacancy, which is reasonable relative to the broader SD rental market.
You know 57004 now. You don’t know where it ranks.
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