Real Estate Investing in Warner, South Dakota (57479)
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Should you buy in 57479 (Warner, SD)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 25.1 — hard to cash-flow at these prices.
• 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 Warner, SD (57479)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57479 Warner
Investors eyeing 57479 need to respect the fundamentals at play. Home values of $293K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $293K asset, 57479 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 57479 among SD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 57479 includes headwinds that any investor should price in. Income distribution skews lower than Warner averages, and tenant stability requires active management.
The right play in 57479 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 Warner:
Market Trends
Home Value History (with trend line)
📊 How Does 57479 Compare?
| Metric | 57479 | Warner | Aberdeen, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $292,629 | $292,629 | N/A | $311,504 |
| 5-Year CAGR | 6.2% | 6.2% | N/A | 6.8% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57479 (Warner, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $292,629 |
| Monthly Rent | $972 |
| Price-to-Rent | 25.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.6%). 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 57479
Population: 659
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 57479
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 Warner, SD a good market for buy-and-hold investors?
Our data puts Warner, SD at 3.0/5 for investability. Home prices of $293K and rents around $972/mo create a solid backdrop for investor activity.
What approach is best for Warner, SD real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Warner, SD. The numbers - $293K homes against $972/mo rents - support that play.
What kind of vacancy should I budget for in Warner, SD?
Warner, SD vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is house hacking profitable in Warner, SD?
House hacking works a challenging in Warner, SD. Rents of $972/mo against $293K acquisition make the strategy solid for owner-occupants.
Are rents high in Warner, SD?
Warner, SD rentals go for roughly $972/mo a month. That puts gross yield in solid territory relative to $293K acquisition costs.
You know 57479 now. You don’t know where it ranks.
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