Real Estate Investing in Bridgewater, South Dakota (57319)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57319 (Bridgewater, 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: 13.5% of homes vacant — above national norms.
• 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 Bridgewater, SD (57319)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57319 Bridgewater
ZIP 57319 inside McCook looks affordable on the surface — median value of $237K — but the discount exists for reasons that a careful buyer should understand before committing.
Looking more closely, the numbers look inviting — $237K purchase price, 0.0% nominal cap — the work to hit that pro forma in 57319 is substantial and deserves full respect.
ZIP 57319's metrics run below McCook's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 57319 ZIP's population of 873 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
Experienced landlords with local relationships tend to find 57319 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Bridgewater:
Market Trends
Home Value History (with trend line)
📊 How Does 57319 Compare?
| Metric | 57319 | Bridgewater | South Dakota |
|---|---|---|---|
| Home Value | $237,297 | $237,297 | $311,504 |
| 5-Year CAGR | 6.0% | 6.0% | 6.8% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57319 (Bridgewater, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $237,297 |
| Monthly Rent | $891 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (2.9%). 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 57319
Population: 873
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 57319
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 much is rent in Bridgewater, SD?
Rents in Bridgewater, SD run near $891/mo. Compared with median home prices of $237K that produces solid gross yields for typical rentals.
How do landlord-tenant laws work in Bridgewater, SD?
SD ranks as a landlord-friendly state for landlord-tenant law. Bridgewater generally follows the statewide framework, so landlords face reasonable operating rules.
Is real estate in Bridgewater, SD a good investment right now?
Bridgewater, SD rates 3.0/5 for investability. With median values at $237K and rents near $891/mo, the market offers reasonable fundamentals for rental investors.
Do rentals sit vacant long in Bridgewater, SD?
Rental vacancy in Bridgewater, SD is elevated. Investors should budget normal turnover but not chronic empty units.
Does a duplex house hack pencil in Bridgewater, SD?
For house hackers, Bridgewater, SD is a challenging. The $891/mo rent on a unit helps defray the mortgage on a $237K property.
You know 57319 now. You don’t know where it ranks.
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