Real Estate Investing in McLaughlin, South Dakota (57642)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57642 (McLaughlin, SD)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 19.3% of homes vacant — above national norms.
- Elevated poverty: 30.4% poverty rate — can affect rent collection.
- Higher unemployment: 14.5% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in McLaughlin, SD (57642)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57642 McLaughlin
ZIP 57642 in McLaughlin, SD carries a sturdy set of headwinds. Home values near $105K and rents of $855/mo sit inside a market where underwriting has to be tight.
Rent of $855/mo on a $105K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57642 sits below the stated 0.0% once reality is priced in.
ZIP 57642's metrics run below Corson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Demographically, 57642 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at McLaughlin's stable or hybrid ZIPs before stepping into 57642. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in McLaughlin:
Market Trends
Home Value History (with trend line)
📊 How Does 57642 Compare?
| Metric | 57642 | McLaughlin | South Dakota |
|---|---|---|---|
| Home Value | $105,019 | $105,019 | $311,504 |
| 5-Year CAGR | 9.3% | 9.3% | 6.8% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 6.4% | 6.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57642 (McLaughlin, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $105,019 |
| Monthly Rent | $855 |
| Price-to-Rent | 10.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.8% |
| Cap Rate | 6.4% |
| 5-Year IRR | 15.6% |
📈 Home Appreciation
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | +9.0% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 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%) is close to the estimated cap rate (6.4%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 57642
Population: 1,949
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 57642
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 much is rent in McLaughlin, SD?
Rental rates in McLaughlin, SD average $855/mo. Tenant demand and $105K home values make the yield look reasonable by investor standards.
What is the tenant pool like in McLaughlin, SD?
Working renters make up the core of the McLaughlin, SD tenant base. The pool is reasonable for investors targeting long-term holds.
Where do home prices stand in McLaughlin, SD?
Typical homes in McLaughlin, SD go for around $105K. The 5-year CAGR of 0.0% even-keeled price movement.
Is house hacking profitable in McLaughlin, SD?
For house hackers, McLaughlin, SD is a challenging. The $855/mo rent on a unit helps defray the mortgage on a $105K property.
How strict are landlord regulations in McLaughlin, SD?
For rental operators, McLaughlin, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 57642 now. You don’t know where it ranks.
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