Real Estate Investing in Brookings, South Dakota (57006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57006 (Brookings, SD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.2% vacancy may signal weakening demand.
What’s happening in Brookings, SD (57006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57006 Brookings
The 57006 ZIP covers a section of Brookings that demands careful diligence. Prices near $328K look accessible, but the work to make a deal cash flow is real.
The 57006 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Brookings have seen price recovery that 57006 has not matched. Brookings County data supports the view that the spread is structural rather than temporary.
Who lives in 57006 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 57006 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Brookings:
Property Strategy for 57006
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $240,663 | $950 | 2.8% | +6.0% | $120,331 |
| 3BR | $279,688 | $1,320 | 3.4% | +6.6% | $93,229 |
| 4BR | $328,395 | $1,590 | 3.5% | +7.2% | $82,099 |
| 5BR | $418,430 | — | — | +7.4% | $83,686 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57006 Compare?
| Metric | 57006 | Brookings | Brookings, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $327,743 | $163,871 | N/A | $311,504 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 6.8% |
| Avg Rent | $1,135 | $1,135 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57006 (Brookings, SD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 57006 (Brookings, SD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $327,743 |
| Monthly Rent | $1,135 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). 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 57006
Population: 23,838
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 57006
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is real estate in Brookings, SD a good investment right now?
Brookings, SD rates 3.0/5 for investability. With median values at $328K and rents near $1,135/mo, the market offers reasonable fundamentals for rental investors.
How much do tenants pay in Brookings, SD?
Expect rents around $1,135/mo per month in Brookings, SD. With home values at $328K, the yield math works out to reasonable levels for rental investors.
How strong is tenant demand in Brookings, SD?
Working renters make up the core of the Brookings, SD tenant base. The pool is reasonable for investors targeting long-term holds.
How quickly do rentals get leased in Brookings, SD?
Vacancy risk in Brookings, SD is elevated. That supports reliable cash flow for typical rental holds.
Is housing expensive in Brookings, SD?
Brookings, SD home values average about $328K. That price point suits investors targeting rentals with $1,135/mo in monthly income.
You know 57006 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57006 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 57006 ranks in Brookings, SD
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 57006 (Brookings)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 57006 (Brookings, SD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.