Real Estate Investing in Centerville, South Dakota (57014)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57014 (Centerville, 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 29.8 — 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 Centerville, SD (57014)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57014 Centerville
The 57014 ZIP covers a section of Centerville that demands careful diligence. Prices near $299K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 57014 can be a a credible choice for hunting ground — but the discount at $299K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Centerville have seen price recovery that 57014 has not matched. Turner County data supports the view that the spread is structural rather than temporary.
Who lives in 57014 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. durable returns are possible in 57014, 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 Centerville:
Property Strategy for 57014
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $157,839 | $930 | 4.2% | +9.5% | $78,920 |
| 3BR | $302,400 | $1,280 | 3.0% | +8.3% | $100,800 |
| 4BR | $334,079 | $1,560 | 3.4% | +9.1% | $83,520 |
Market Trends
Home Value History (with trend line)
📊 How Does 57014 Compare?
| Metric | 57014 | Centerville | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $299,414 | $299,414 | N/A | $311,504 |
| 5-Year CAGR | 7.8% | 7.8% | N/A | 6.8% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 57014 (Centerville, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,414 |
| Monthly Rent | $837 |
| Price-to-Rent | 29.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +5.2% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.2%). 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 57014
Population: 1,711
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 57014
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
Do landlords face vacancy issues in Centerville, SD?
Expect elevated vacancy in Centerville, SD. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
What approach is best for Centerville, SD real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Centerville, SD. The numbers - $299K homes against $837/mo rents - support that play.
What kind of market is Centerville, SD for investors?
Our data puts Centerville, SD at 3.0/5 for investability. Home prices of $299K and rents around $837/mo create a solid backdrop for investor activity.
How strict are landlord regulations in Centerville, SD?
Centerville, SD operates under SD law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the average monthly rent in Centerville, SD?
Expect rents around $837/mo per month in Centerville, SD. With home values at $299K, the yield math works out to reasonable levels for rental investors.
You know 57014 now. You don’t know where it ranks.
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How 57014 ranks in Sioux Falls, SD
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