Real Estate Investing in Blackhawk, South Dakota (57718)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57718 (Blackhawk, SD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Blackhawk, SD (57718)?
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Market Analysis: 57718 Blackhawk
The 57718 ZIP in Blackhawk, SD is a local-operator market. Outside capital chasing a $376K entry has to pair deep knowledge with the discount.
For an experienced owner, 57718 can be a worth a close look for hunting ground — but the discount at $376K reflects genuine risk that outside investors often underestimate.
In the broader SD picture, 57718 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The 57718 ZIP's population of 7,329 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 57718 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 Blackhawk:
Property Strategy for 57718
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $312,992 | $1,230 | 2.8% | — | $156,496 |
| 3BR | $351,793 | $1,710 | 3.5% | +7.1% | $117,264 |
| 4BR | $409,168 | $2,070 | 3.6% | +7.7% | $102,292 |
| 5BR | $460,283 | — | — | — | $92,057 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 57718 Compare?
| Metric | 57718 | Blackhawk | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $375,950 | $375,950 | N/A | $311,504 |
| 5-Year CAGR | 3.9% | 3.9% | N/A | 6.8% |
| Avg Rent | $1,375 | $1,375 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57718 (Blackhawk, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $375,950 |
| Monthly Rent | $1,375 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.9%). 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 57718
Population: 7,329
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 57718
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Can I live-in-and-rent in Blackhawk, SD?
Blackhawk, SD offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,375/mo rent level.
What is the renter demographic in Blackhawk, SD?
Tenant demand in Blackhawk, SD is solid. The local workforce $1,375/mo rents across most rental classes.
What is the average home sale price in Blackhawk, SD?
Blackhawk, SD median home values land near $376K. That is reasonable territory for investors looking at $1,375/mo-per-month rentals.
Should investors consider Blackhawk, SD?
Blackhawk, SD clocks in at an investability rating of 3.0/5, with median home values near $376K and average rents around $1,375/mo. That combination puts it in the solid tier for investor interest.
Is Blackhawk, SD better for rentals, flips, or BRRRR?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Blackhawk, SD. The numbers - $376K homes against $1,375/mo rents - support that play.
You know 57718 now. You don’t know where it ranks.
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How 57718 ranks in Rapid City, SD
Every ZIP in this metro, ranked. Free.
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