Real Estate Investing in Woonsocket, South Dakota (57385)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57385 (Woonsocket, 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: 19.1% of homes vacant — above national norms.
- Declining values: -0.7% 5-year CAGR — values have moved lower.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Woonsocket, SD (57385)?
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Market Analysis: 57385 Woonsocket
Investors eyeing 57385 need to respect the fundamentals at play. Home values of $241K come alongside slower price movement and elevated management overhead.
The 57385 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 57385 among SD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A robust renter share of 26% in 57385 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Woonsocket's stable or hybrid ZIPs before stepping into 57385. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Woonsocket:
Market Trends
Home Value History (with trend line)
📊 How Does 57385 Compare?
| Metric | 57385 | Woonsocket | South Dakota |
|---|---|---|---|
| Home Value | $241,150 | $241,150 | $311,504 |
| 5-Year CAGR | N/A | N/A | 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 57385 (Woonsocket, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $241,150 |
| Monthly Rent | $837 |
| Price-to-Rent | 24.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 2.1% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | -0.7% ▼ |
| 10-Year CAGR | +3.8% ▲ |
🏠 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 57385
Population: 1,365
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 57385
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
Do landlords face vacancy issues in Woonsocket, SD?
Rental vacancy in Woonsocket, SD is elevated. Investors should budget normal turnover but not chronic empty units.
How much should I expect to pay for a home in Woonsocket, SD?
Typical homes in Woonsocket, SD go for around $241K. The 5-year CAGR of 0.0% stable price movement.
Is real estate in Woonsocket, SD a good investment right now?
Woonsocket, SD rates 2.0/5 for investability. With median values at $241K and rents near $837/mo, the market offers reasonable fundamentals for rental investors.
Is Woonsocket, SD good for landlords?
Woonsocket, SD falls under SD landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical rental rate in Woonsocket, SD?
Investors in Woonsocket, SD typically see rents near $837/mo per month against $241K home values - a solid setup for rental cash flow.
You know 57385 now. You don’t know where it ranks.
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