Real Estate Investing in Tea, South Dakota (57064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57064 (Tea, 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 26.4 — hard to cash-flow at these prices.
What’s happening in Tea, SD (57064)?
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Market Analysis: 57064 Tea
Not every below-median market is a bargain. Tea's 57064 ZIP stands at signals that favor experienced operators who can absorb the risk $391K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 57064 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader SD picture, 57064 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
In practical terms, 7,619 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 57064 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Tea:
Property Strategy for 57064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $303,988 | $1,340 | 3.2% | +6.2% | $151,994 |
| 3BR | $351,256 | $1,840 | 3.8% | +7.1% | $117,085 |
| 4BR | $387,523 | $2,250 | 4.2% | +8.0% | $96,881 |
| 5BR | $517,076 | — | — | — | $103,415 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57064 Compare?
| Metric | 57064 | Tea | Sioux Falls, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $391,226 | $391,226 | N/A | $311,504 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.8% |
| Avg Rent | $1,237 | $1,237 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 57064 (Tea, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $391,226 |
| Monthly Rent | $1,237 |
| Price-to-Rent | 26.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.6% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.5%). 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 57064
Population: 7,619
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 57064
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 is the rental occupancy rate in Tea, SD?
Tea, SD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How deep is the rental pool in Tea, SD?
The tenant pool in Tea, SD is solid, supported by local employment and population fundamentals. Rents of $1,237/mo are well-absorbed by the market.
What is the average monthly rent in Tea, SD?
Expect rents around $1,237/mo per month in Tea, SD. With home values at $391K, the yield math works out to reasonable levels for rental investors.
How landlord-friendly is Tea, SD?
Landlord-friendliness in Tea, SD is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Are homes affordable in Tea, SD?
Tea, SD home values average about $391K. That price point suits investors targeting rentals with $1,237/mo in monthly income.
You know 57064 now. You don’t know where it ranks.
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How 57064 ranks in Sioux Falls, SD
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