Real Estate Investing in Harrold, South Dakota (57536)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57536 (Harrold, 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: 33.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.2 — 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 Harrold, SD (57536)?
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Market Analysis: 57536 Harrold
ZIP 57536 inside Hughes County looks affordable on the surface — median value of $410K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 57536 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 57536 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 57536 includes headwinds that any investor should price in. Income distribution skews lower than Harrold averages, and tenant stability requires active management.
The 57536 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 Harrold:
Market Trends
Home Value History (with trend line)
📊 How Does 57536 Compare?
| Metric | 57536 | Harrold | Pierre, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $410,492 | $289,839 | N/A | $311,504 |
| 5-Year CAGR | N/A | 3.9% | N/A | 6.8% |
| Avg Rent | $873 | $855 | N/A | - |
| Cap Rate | 1.7% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57536 (Harrold, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $410,492 |
| Monthly Rent | $873 |
| Price-to-Rent | 39.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 3.9% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 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 (1.7%). 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 57536
Population: 278
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
Frequently Asked Questions
What is the typical rental rate in Harrold, SD?
Rent in Harrold, SD is around $873/mo. The resulting rent-to-value relationship with $410K pricing is reasonable for most investor models.
How do landlord-tenant laws work in Harrold, SD?
The landlord environment in Harrold, SD is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the smart move for investors in Harrold, SD?
A careful cash-flow rentals with hands-on management strategy Harrold, SD best. The market produces reliable results for that approach at the $410K price point.
Is Harrold, SD good for house hacking?
Harrold, SD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $873/mo rent level.
Do landlords face vacancy issues in Harrold, SD?
Occupancy in Harrold, SD runs reliable with elevated vacancy. Well-priced units at $873/mo lease on reasonable timelines.
You know 57536 now. You don’t know where it ranks.
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