Real Estate Investing in Clear Lake, South Dakota (57226)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57226 (Clear Lake, 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: 14.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.6 — 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 Clear Lake, SD (57226)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57226 Clear Lake
The 57226 ZIP in Clear Lake, SD is a local-operator market. Outside capital chasing a $267K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57226 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within SD, ZIP 57226 trails on several market indicators that neighboring Deuel submarkets outperform. The gap is real and durable enough to shape underwriting.
Demographically, 57226 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 57226 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 Clear Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 57226 Compare?
| Metric | 57226 | Clear Lake | South Dakota |
|---|---|---|---|
| Home Value | $267,237 | $267,237 | $311,504 |
| 5-Year CAGR | 5.4% | 5.4% | 6.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 57226 (Clear Lake, SD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 57226 (Clear Lake, SD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $267,237 |
| Monthly Rent | $837 |
| Price-to-Rent | 26.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +12.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 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 (2.4%). 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 57226
Population: 1,834
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 57226
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.
Frequently Asked Questions
Does a duplex house hack pencil in Clear Lake, SD?
The a challenging house-hack environment in Clear Lake, SD reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What kind of tenants rent in Clear Lake, SD?
Clear Lake, SD offers a consistent renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is housing expensive in Clear Lake, SD?
Clear Lake, SD home values average about $267K. That price point suits investors targeting rentals with $837/mo in monthly income.
Which investment style suits Clear Lake, SD?
A careful cash-flow rentals with hands-on management strategy Clear Lake, SD best. The market produces measured results for that approach at the $267K price point.
How much is rent in Clear Lake, SD?
Rents in Clear Lake, SD run near $837/mo. Compared with median home prices of $267K that produces solid gross yields for typical rentals.
You know 57226 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57226 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
AI Market Advisor
Ask questions about investing in 57226 (Clear Lake)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 57226 (Clear Lake, SD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.