Real Estate Investing in Redfield, South Dakota (57469)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57469 (Redfield, 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: 16.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Redfield, SD (57469)?
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Market Analysis: 57469 Redfield
ZIP 57469 in Redfield, SD carries a substantial set of headwinds. Home values near $168K and rents of $837/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 57469 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 57469's metrics run below Spink County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A notable renter share of 33% in 57469 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 57469 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Redfield:
Property Strategy for 57469
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $118,966 | $930 | 5.6% | +8.7% | $59,483 |
| 3BR | $157,475 | $1,120 | 5.1% | +7.9% | $52,492 |
| 4BR | $183,261 | $1,530 | 6.0% | +7.1% | $45,815 |
| 5BR | $365,401 | — | — | +8.2% | $73,080 |
Market Trends
Home Value History (with trend line)
📊 How Does 57469 Compare?
| Metric | 57469 | Redfield | South Dakota |
|---|---|---|---|
| Home Value | $168,062 | $168,062 | $311,504 |
| 5-Year CAGR | 7.0% | 7.0% | 6.8% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 3.9% | 3.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57469 (Redfield, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $168,062 |
| Monthly Rent | $837 |
| Price-to-Rent | 16.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.5% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.9%). 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 57469
Population: 3,094
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 57469
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 expensive is real estate in Redfield, SD?
Median home price in Redfield, SD is near $168K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Which real estate strategy fits Redfield, SD?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Redfield, SD. The numbers - $168K homes against $837/mo rents - support that play.
What is the typical rental rate in Redfield, SD?
Investors in Redfield, SD typically see rents near $837/mo per month against $168K home values - a solid setup for rental cash flow.
Is Redfield, SD a friendly market for rental owners?
For rental operators, Redfield, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What is the rental occupancy rate in Redfield, SD?
Occupancy in Redfield, SD runs predictable with elevated vacancy. Well-priced units at $837/mo lease on reasonable timelines.
You know 57469 now. You don’t know where it ranks.
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