Real Estate Investing in Waubay, South Dakota (57273)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57273 (Waubay, 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.
- High vacancy: 50.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.3 — 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 Waubay, SD (57273)?
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Market Analysis: 57273 Waubay
The 57273 ZIP covers a section of Waubay that demands careful diligence. Prices near $309K 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 $309K asset, 57273 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 57273 sits on the difficult end of the SD spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 57273 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 57273 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 Waubay:
Market Trends
Home Value History (with trend line)
📊 How Does 57273 Compare?
| Metric | 57273 | Waubay | South Dakota |
|---|---|---|---|
| Home Value | $308,636 | $308,636 | $311,504 |
| 5-Year CAGR | 7.6% | 7.6% | 6.8% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.3% | 2.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57273 (Waubay, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $308,636 |
| Monthly Rent | $909 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +7.6% ▲ |
| 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 (2.3%). 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 57273
Population: 1,226
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 57273
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
What approach is best for Waubay, SD real estate?
A careful cash-flow rentals with hands-on management strategy Waubay, SD best. The market produces stable results for that approach at the $309K price point.
How deep is the rental pool in Waubay, SD?
The renter base in Waubay, SD is reasonable for the $909/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Do landlords face vacancy issues in Waubay, SD?
Vacancy risk in Waubay, SD is elevated. That supports measured cash flow for typical rental holds.
Can I house hack in Waubay, SD?
House hacking works a challenging in Waubay, SD. Rents of $909/mo against $309K acquisition make the strategy solid for owner-occupants.
How much is rent in Waubay, SD?
Rent in Waubay, SD is around $909/mo. The resulting rent-to-value relationship with $309K pricing is reasonable for most investor models.
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