Real Estate Investing in Crooks, South Dakota (57020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57020 (Crooks, SD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 26.7 — 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 Crooks, SD (57020)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57020 Crooks
The 57020 ZIP covers a section of Crooks that demands careful diligence. Prices near $375K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57020 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 57020 and stronger Crooks ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 57020 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 57020 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 Crooks:
Property Strategy for 57020
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $307,095 | $1,780 | 4.2% | — | $102,365 |
| 4BR | $393,500 | $2,180 | 4.0% | — | $98,375 |
Market Trends
Home Value History (with trend line)
📊 How Does 57020 Compare?
| Metric | 57020 | Crooks | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $374,573 | $374,573 | N/A | $311,504 |
| 5-Year CAGR | N/A | N/A | N/A | 6.8% |
| Avg Rent | $1,170 | $1,170 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 57020 (Crooks, SD). Anonymous, moderated, never written by AI.
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Property managers serving Minnehaha County
Manage rentals here? List your business →Costello Companies offers apartments and townhomes in South Dakota. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $374,573 |
| Monthly Rent | $1,170 |
| Price-to-Rent | 26.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 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 (2.4%). 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 57020
Population: 1,553
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 57020
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
Investor Insight: With 1,030 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Crooks, SD better for rentals, flips, or BRRRR?
For Crooks, SD, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the typical rental rate in Crooks, SD?
Investors in Crooks, SD typically see rents near $1,170/mo per month against $375K home values - a solid setup for rental cash flow.
Does a duplex house hack pencil in Crooks, SD?
The a challenging house-hack environment in Crooks, SD reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do landlord-tenant laws work in Crooks, SD?
SD ranks as a landlord-friendly state for landlord-tenant law. Crooks generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of tenants rent in Crooks, SD?
Tenant quality in Crooks, SD ranks as solid. Landlords generally report consistent occupancy at market rents of $1,170/mo.
You know 57020 now. You don’t know where it ranks.
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How 57020 ranks in Sioux Falls, SD
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