Real Estate Investing in Onida, South Dakota (57564)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57564 (Onida, 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: 25.4% of homes vacant — above national norms.
• 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 Onida, SD (57564)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57564 Onida
The 57564 ZIP in Onida, SD is a local-operator market. Outside capital chasing a $251K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $251K asset, 57564 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 57564 sits on the difficult end of the SD spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 57564 includes headwinds that any investor should price in. Income distribution skews lower than Onida averages, and tenant stability requires active management.
The 57564 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 Onida:
Market Trends
Home Value History (with trend line)
📊 How Does 57564 Compare?
| Metric | 57564 | Onida | South Dakota |
|---|---|---|---|
| Home Value | $251,224 | $251,224 | $311,504 |
| 5-Year CAGR | N/A | N/A | 6.8% |
| Avg Rent | $855 | $855 | - |
| 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 57564 (Onida, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,224 |
| Monthly Rent | $855 |
| Price-to-Rent | 24.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.7% |
| 5-Year IRR | 3.3% |
📈 Home Appreciation
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 57564
Population: 893
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 57564
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
What are rental rates like in Onida, SD?
Rental rates in Onida, SD average $855/mo. Tenant demand and $251K home values make the yield look reasonable by investor standards.
Does house hacking work in Onida, SD?
House hacking in Onida, SD is reasonable to execute. Prices around $251K and rents of $855/mo solid owner-occupant economics.
What real estate strategy is ideal for Onida, SD?
Onida, SD investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($251K prices, $855/mo rents) make it a reasonable choice.
What is the average home sale price in Onida, SD?
Expect median prices around $251K in Onida, SD. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How high is vacancy risk in Onida, SD?
Vacancy risk in Onida, SD is elevated. That supports even-keeled cash flow for typical rental holds.
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