Real Estate Investing in Pierre, South Dakota (57501)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57501 (Pierre, 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.
No major risk flags on the data we track.
What’s happening in Pierre, SD (57501)?
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Market Analysis: 57501 Pierre
The 57501 ZIP in Pierre, SD is a local-operator market. Outside capital chasing a $303K entry has to pair deep knowledge with the discount.
The 57501 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 57501 among SD's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 57501 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 57501 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pierre:
Property Strategy for 57501
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $215,690 | $1,040 | 3.5% | +7.0% | $107,845 |
| 3BR | $268,516 | $1,310 | 3.5% | +6.6% | $89,505 |
| 4BR | $307,745 | $1,610 | 3.8% | +6.6% | $76,936 |
| 5BR | $412,472 | — | — | +6.8% | $82,494 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57501 Compare?
| Metric | 57501 | Pierre | Pierre, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $303,290 | $303,290 | N/A | $311,504 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 6.8% |
| Avg Rent | $1,399 | $1,399 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57501 (Pierre, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $303,290 |
| Monthly Rent | $1,399 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +5.3% ▲ |
🏠 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 (3.6%). 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 57501
Population: 17,456
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 57501
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 rentals sit vacant long in Pierre, SD?
Rental vacancy in Pierre, SD is elevated. Investors should budget normal turnover but not chronic empty units.
Are renters plentiful in Pierre, SD?
Working renters make up the core of the Pierre, SD tenant base. The pool is reasonable for investors targeting long-term holds.
How much is rent in Pierre, SD?
Pierre, SD rentals go for roughly $1,399/mo a month. That puts gross yield in solid territory relative to $303K acquisition costs.
Can I live-in-and-rent in Pierre, SD?
House hacking in Pierre, SD is a challenging. With home values around $303K and rents at $1,399/mo, owner-occupants can offset a meaningful share of PITI.
Is Pierre, SD better for rentals, flips, or BRRRR?
For Pierre, SD, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 57501 now. You don’t know where it ranks.
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