Real Estate Investing in Canton, South Dakota (57013)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57013 (Canton, 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.
- Elevated vacancy: 10.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.6 — 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 Canton, SD (57013)?
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Market Analysis: 57013 Canton
From an investor standpoint, ZIP 57013 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $307K median. It rewards specialists, not generalists.
The investment case in 57013 is durable only for operators who understand what they are buying. A $307K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 57013 among SD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 57013 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 57013 is an operator game, not a passive one. On balance, entry prices of $307K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Canton:
Market Trends
Home Value History (with trend line)
📊 How Does 57013 Compare?
| Metric | 57013 | Canton | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $307,110 | $307,110 | N/A | $311,504 |
| 5-Year CAGR | 7.1% | 7.1% | 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 57013 (Canton, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $307,110 |
| Monthly Rent | $837 |
| Price-to-Rent | 30.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 10-Year CAGR | N/A |
🏠 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 57013
Population: 4,378
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 57013
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 kind of market is Canton, SD for investors?
Canton, SD rates 3.0/5 for investability. With median values at $307K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Canton, SD?
The median home value in Canton, SD is roughly $307K. That puts it reasonable relative to the SD statewide average.
What is the average monthly rent in Canton, SD?
Investors in Canton, SD typically see rents near $837/mo per month against $307K home values - a solid setup for rental cash flow.
Should investors worry about vacancy in Canton, SD?
Canton, SD carries elevated vacancy risk. Expect reliable absorption at market rents of $837/mo.
What is the smart move for investors in Canton, SD?
Investors usually favor careful cash-flow rentals with hands-on management in Canton, SD. With home values at $307K and rents near $837/mo, other strategies can work but produce measured rather than outsized returns.
You know 57013 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57013 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 57013 ranks in Sioux Falls, SD
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