Real Estate Investing in Parkston, South Dakota (57366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57366 (Parkston, 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.
- Elevated vacancy: 8.6% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Parkston, SD (57366)?
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Market Analysis: 57366 Parkston
The 57366 ZIP covers a section of Parkston that demands careful diligence. Prices near $244K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57366 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within SD, ZIP 57366 trails on several market indicators that neighboring Hutchinson County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Resident income in 57366 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. resilient returns are possible in 57366, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Parkston:
Market Trends
Home Value History (with trend line)
📊 How Does 57366 Compare?
| Metric | 57366 | Parkston | South Dakota |
|---|---|---|---|
| Home Value | $243,783 | $243,783 | $311,504 |
| 5-Year CAGR | 3.7% | 3.7% | 6.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.7% | 2.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57366 (Parkston, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $243,783 |
| Monthly Rent | $837 |
| Price-to-Rent | 24.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.7%). 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 57366
Population: 2,619
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 57366
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 monthly rent should investors expect in Parkston, SD?
Rental rates in Parkston, SD average $837/mo. Tenant demand and $244K home values make the yield look reasonable by investor standards.
What kind of tenants rent in Parkston, SD?
Tenant quality in Parkston, SD ranks as solid. Landlords generally report predictable occupancy at market rents of $837/mo.
Is housing expensive in Parkston, SD?
Parkston, SD median home values land near $244K. That is reasonable territory for investors looking at $837/mo-per-month rentals.
Is Parkston, SD good for landlords?
Parkston, SD falls under SD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What strategy should investors use in Parkston, SD?
A careful cash-flow rentals with hands-on management strategy Parkston, SD best. The market produces predictable results for that approach at the $244K price point.
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