Real Estate Investing in Fort Pierre, South Dakota (57532)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57532 (Fort Pierre, SD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
- Flat appreciation: Values have barely moved over 5 years (0.9% CAGR).
- High price-to-rent: Price-to-rent ratio 27.6 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Fort Pierre, SD (57532)?
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Market Analysis: 57532 Fort Pierre
Looking more closely, ZIP 57532 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $307K median. It rewards specialists, not generalists.
The investment case in 57532 is robust only for operators who understand what they are buying. A $307K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 57532's metrics run below Stanley County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 57532 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 57532 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Fort Pierre:
Market Trends
Home Value History (with trend line)
📊 How Does 57532 Compare?
| Metric | 57532 | Fort Pierre | Pierre, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $306,725 | $306,725 | N/A | $311,504 |
| 5-Year CAGR | 0.9% | 0.9% | N/A | 6.8% |
| Avg Rent | $927 | $927 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57532 (Fort Pierre, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $306,725 |
| Monthly Rent | $927 |
| Price-to-Rent | 27.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 3.3% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | -1.8% ▼ |
| 5-Year CAGR | +0.9% ▲ |
| 10-Year CAGR | +3.4% ▲ |
🏠 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 (2.4%). 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 57532
Population: 2,911
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 57532
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 do home values compare in Fort Pierre, SD?
Homes in Fort Pierre, SD typically sell near $307K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How quickly do rentals get leased in Fort Pierre, SD?
Fort Pierre, SD carries elevated vacancy risk. Expect predictable absorption at market rents of $927/mo.
Are tenants stable in Fort Pierre, SD?
Fort Pierre, SD draws a reliable base of working renters. Demand at the $927/mo rent level is reasonable for standard single-family and small multi rentals.
What investment strategy works best in Fort Pierre, SD?
In Fort Pierre, SD the resilient play is typically careful cash-flow rentals with hands-on management. The combination of $307K prices and $927/mo rents suits that approach.
Are landlord laws favorable in Fort Pierre, SD?
Fort Pierre, SD operates under SD law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
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