Real Estate Investing in Bruce, South Dakota (57220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57220 (Bruce, 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 vacancy: 23.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.5 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Bruce, SD (57220)?
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Market Analysis: 57220 Bruce
Not every below-median market is a bargain. Bruce's 57220 ZIP posts signals that favor experienced operators who can absorb the risk $368K pricing implies.
Rent of $864/mo on a $368K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57220 sits below the stated 0.0% once reality is priced in.
Turning to rents, 57220 offers a low basis, the region around Bruce has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 57220 ZIP's population of 676 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
The 57220 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 Bruce:
Market Trends
Home Value History (with trend line)
📊 How Does 57220 Compare?
| Metric | 57220 | Bruce | Brookings, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $367,982 | $367,982 | N/A | $311,504 |
| 5-Year CAGR | 5.7% | 5.7% | N/A | 6.8% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57220 (Bruce, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $367,982 |
| Monthly Rent | $864 |
| Price-to-Rent | 35.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 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 (1.8%). 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 57220
Population: 676
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Bruce, SD good for house hacking?
House hacking in Bruce, SD is a challenging. With home values around $368K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.
Does Bruce, SD make sense for an investment property?
With a 3.0/5 investability score, Bruce, SD ranks as a solid market for rental property investors. Median prices of $368K and rents of $864/mo drive the underlying numbers.
How much does a house cost in Bruce, SD?
In Bruce, SD the median home value sits at $368K. Against the broader SD market, that reads as reasonable for most investors.
How landlord-friendly is Bruce, SD?
The landlord environment in Bruce, SD is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What do landlords charge for rent in Bruce, SD?
Rent in Bruce, SD is around $864/mo. The resulting rent-to-value relationship with $368K pricing is reasonable for most investor models.
You know 57220 now. You don’t know where it ranks.
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How 57220 ranks in Brookings, SD
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