Real Estate Investing in Lennox, South Dakota (57039)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57039 (Lennox, 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 29.0 — 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 Lennox, SD (57039)?
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Market Analysis: 57039 Lennox
ZIP 57039 in Lennox, SD carries a significant set of headwinds. Home values near $332K and rents of $954/mo sit inside a market where underwriting has to be tight.
The 57039 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within SD, ZIP 57039 trails on several market indicators that neighboring Lincoln County submarkets outperform. The gap is real and significant enough to shape underwriting.
Resident income in 57039 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 57039 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lennox:
Market Trends
Home Value History (with trend line)
📊 How Does 57039 Compare?
| Metric | 57039 | Lennox | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $331,572 | $331,572 | N/A | $311,504 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.8% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57039 (Lennox, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $331,572 |
| Monthly Rent | $954 |
| Price-to-Rent | 29.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.2% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 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 (2.2%). 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 57039
Population: 3,875
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 57039
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
What is the median home value in Lennox, SD?
Lennox, SD median home values land near $332K. That is reasonable territory for investors looking at $954/mo-per-month rentals.
How strict are landlord regulations in Lennox, SD?
For rental operators, Lennox, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Lennox in SD worth investing in?
Lennox, SD rates 3.0/5 for investability. With median values at $332K and rents near $954/mo, the market offers reasonable fundamentals for rental investors.
How viable is house hacking in Lennox, SD?
Lennox, SD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $954/mo rent level.
Are tenants stable in Lennox, SD?
Expect a solid tenant pool in Lennox, SD. The rental market absorbs $954/mo rents without meaningful friction.
You know 57039 now. You don’t know where it ranks.
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How 57039 ranks in Sioux Falls, SD
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