Real Estate Investing in Aberdeen, South Dakota (57401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57401 (Aberdeen, 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: 9.2% vacancy may signal weakening demand.
What’s happening in Aberdeen, SD (57401)?
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Market Analysis: 57401 Aberdeen
Investors eyeing 57401 need to respect the fundamentals at play. Home values of $246K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57401 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within SD, ZIP 57401 trails on several market indicators that neighboring Brown County submarkets outperform. The gap is real and solid enough to shape underwriting.
Who lives in 57401 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 57401 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Aberdeen:
Property Strategy for 57401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $169,617 | $930 | 3.9% | +5.5% | $84,808 |
| 3BR | $220,501 | $1,170 | 3.8% | +5.9% | $73,500 |
| 4BR | $266,475 | $1,480 | 4.0% | +6.3% | $66,619 |
| 5BR | $362,401 | — | — | +7.0% | $72,480 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57401 Compare?
| Metric | 57401 | Aberdeen | Aberdeen, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $245,903 | $245,903 | N/A | $311,504 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.8% |
| Avg Rent | $1,082 | $1,082 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57401 (Aberdeen, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,903 |
| Monthly Rent | $1,082 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 Rent Trends
| 1-Year | +13.4% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 57401
Population: 32,064
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 57401
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is Aberdeen, SD good for landlords?
Aberdeen, SD operates under SD law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
How much is rent in Aberdeen, SD?
Rental rates in Aberdeen, SD average $1,082/mo. Tenant demand and $246K home values make the yield look reasonable by investor standards.
What is the tenant pool like in Aberdeen, SD?
Working renters make up the core of the Aberdeen, SD tenant base. The pool is reasonable for investors targeting long-term holds.
What strategy should investors use in Aberdeen, SD?
In Aberdeen, SD the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $246K prices and $1,082/mo rents suits that approach.
Are homes affordable in Aberdeen, SD?
Typical homes in Aberdeen, SD go for around $246K. The 5-year CAGR of 0.0% consistent price movement.
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