Real Estate Investing in Henry, South Dakota (57243)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57243 (Henry, SD)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 18.0% of homes vacant — above national norms.
- 1-year downturn: Values declined 7.9% in the last year.
- High price-to-rent: Price-to-rent ratio 45.1 — 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 Henry, SD (57243)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57243 Henry
ZIP 57243 in Henry, SD carries a healthy set of headwinds. Home values near $512K and rents of $945/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57243 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader SD picture, 57243 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 10% in 57243 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 57243 is an operator game, not a passive one. Stepping back, entry prices of $512K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Henry:
Market Trends
Home Value History (with trend line)
📊 How Does 57243 Compare?
| Metric | 57243 | Henry | South Dakota |
|---|---|---|---|
| Home Value | $511,569 | $511,569 | $311,504 |
| 5-Year CAGR | N/A | N/A | 6.8% |
| Avg Rent | $945 | $945 | - |
| Cap Rate | 1.4% | 1.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57243 (Henry, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $511,569 |
| Monthly Rent | $945 |
| Price-to-Rent | 45.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | N/A |
📈 Home Appreciation
| 1-Year | -7.9% ▼ |
| 3-Year CAGR | -5.9% ▼ |
| 5-Year CAGR | N/A |
| 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 (1.4%). 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 57243
Population: 521
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 57243
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
How expensive is real estate in Henry, SD?
Henry, SD home values average about $512K. That price point suits investors targeting rentals with $945/mo in monthly income.
What type of investing works in Henry, SD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Henry, SD. The numbers - $512K homes against $945/mo rents - support that play.
Is the tenant base reliable in Henry, SD?
Expect a solid tenant pool in Henry, SD. The rental market absorbs $945/mo rents without meaningful friction.
How tight is the rental market in Henry, SD?
Expect elevated vacancy in Henry, SD. Rents at $945/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Henry, SD?
For rental operators, Henry, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 57243 now. You don’t know where it ranks.
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