Real Estate Investing in Hartford, South Dakota (57033)
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Should you buy in 57033 (Hartford, 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 28.8 — hard to cash-flow at these prices.
What’s happening in Hartford, SD (57033)?
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Market Analysis: 57033 Hartford
ZIP 57033 in Hartford, SD carries a healthy set of headwinds. Home values near $411K and rents of $1,189/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57033 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 57033 and stronger Hartford ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 57033 ZIP's population of 5,947 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Distressed ZIPs reward experience. healthy returns are possible in 57033, 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 Hartford:
Property Strategy for 57033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $289,985 | $1,100 | 2.7% | — | $144,993 |
| 3BR | $374,029 | $1,510 | 2.9% | +7.3% | $124,676 |
| 4BR | $395,826 | $1,850 | 3.4% | +7.3% | $98,957 |
| 5BR | $552,207 | — | — | — | $110,441 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57033 Compare?
| Metric | 57033 | Hartford | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $411,395 | $411,395 | N/A | $311,504 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 6.8% |
| Avg Rent | $1,189 | $1,189 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 57033 (Hartford, 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 | $411,395 |
| Monthly Rent | $1,189 |
| Price-to-Rent | 28.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (2.3%). 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 57033
Population: 5,947
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 57033
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
What investment strategy works best in Hartford, SD?
Most investors in Hartford, SD run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is the tenant base reliable in Hartford, SD?
The renter base in Hartford, SD is reasonable for the $1,189/mo price point. Screening well and pricing to market typically yields stable tenants.
How strict are landlord regulations in Hartford, SD?
Rental owners in Hartford, SD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Hartford, SD a smart market for rental property?
With a 3.0/5 investability score, Hartford, SD ranks as a solid market for rental property investors. Median prices of $411K and rents of $1,189/mo drive the underlying numbers.
How much does a house cost in Hartford, SD?
In Hartford, SD the median home value sits at $411K. Against the broader SD market, that reads as reasonable for most investors.
You know 57033 now. You don’t know where it ranks.
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How 57033 ranks in Sioux Falls, SD
Every ZIP in this metro, ranked. Free.
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