Real Estate Investing in Vermillion, South Dakota (57069)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57069 (Vermillion, SD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
What’s happening in Vermillion, SD (57069)?
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Market Analysis: 57069 Vermillion
The 57069 ZIP covers a section of Vermillion that demands careful diligence. Prices near $277K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $277K asset, 57069 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within SD, ZIP 57069 trails on several market indicators that neighboring Clay County submarkets outperform. The gap is real and resilient enough to shape underwriting.
Who lives in 57069 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Vermillion:
Property Strategy for 57069
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $190,881 | $930 | 3.5% | +8.9% | $95,441 |
| 3BR | $257,588 | $1,290 | 3.6% | +8.3% | $85,863 |
| 4BR | $285,959 | $1,560 | 3.9% | +8.2% | $71,490 |
| 5BR | $376,836 | — | — | +7.8% | $75,367 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57069 Compare?
| Metric | 57069 | Vermillion | Vermillion, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $276,790 | $276,790 | N/A | $311,504 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.8% |
| Avg Rent | $813 | $813 | 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 57069 (Vermillion, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,790 |
| Monthly Rent | $813 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 57069
Population: 12,937
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 57069
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 best play in Vermillion, SD?
Vermillion, SD investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($277K prices, $813/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Vermillion, SD?
Expect elevated vacancy in Vermillion, SD. Rents at $813/mo are absorbed by the tenant base without meaningful lag.
What is the average monthly rent in Vermillion, SD?
Expect rents around $813/mo per month in Vermillion, SD. With home values at $277K, the yield math works out to reasonable levels for rental investors.
How do home values compare in Vermillion, SD?
In Vermillion, SD the median home value sits at $277K. Against the broader SD market, that reads as reasonable for most investors.
What is the tenant pool like in Vermillion, SD?
Expect a solid tenant pool in Vermillion, SD. The rental market absorbs $813/mo rents without meaningful friction.
You know 57069 now. You don’t know where it ranks.
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