Real Estate Investing in Bison, South Dakota (57620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57620 (Bison, SD)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.5% 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 Bison, SD (57620)?
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Market Analysis: 57620 Bison
The 57620 ZIP covers a section of Bison that demands careful diligence. Prices near $169K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 57620 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 57620 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 57620 includes headwinds that any investor should price in. Income distribution skews lower than Bison averages, and tenant stability requires active management.
Distressed ZIPs reward experience. sturdy returns are possible in 57620, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bison:
Market Trends
Home Value History (with trend line)
📊 How Does 57620 Compare?
| Metric | 57620 | Bison | South Dakota |
|---|---|---|---|
| Home Value | $169,127 | $169,127 | $311,504 |
| 5-Year CAGR | 4.9% | 4.9% | 6.8% |
| Avg Rent | $1,089 | $1,089 | - |
| Cap Rate | 5.0% | 5.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57620 (Bison, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $169,127 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.7% |
| Cap Rate | 5.0% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 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 (5.0%). 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 57620
Population: 590
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 57620
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 Bison, SD?
Expect elevated vacancy in Bison, SD. Rents at $1,089/mo are absorbed by the tenant base without meaningful lag.
What is the tenant pool like in Bison, SD?
Expect a solid tenant pool in Bison, SD. The rental market absorbs $1,089/mo rents without meaningful friction.
What do rentals go for in Bison, SD?
Average rent in Bison, SD is approximately $1,089/mo per month. Against $169K home values that yields a reasonable rent-to-price ratio.
Are eviction rules reasonable in Bison, SD?
For rental operators, Bison, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How should investors approach Bison, SD?
Most investors in Bison, SD run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 57620 now. You don’t know where it ranks.
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