Real Estate Investing in Deadwood, South Dakota (57732)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57732 (Deadwood, SD)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.7 — 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 Deadwood, SD (57732)?
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Market Analysis: 57732 Deadwood
Not every below-median market is a bargain. Deadwood's 57732 ZIP stands at signals that favor experienced operators who can absorb the risk $389K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $389K asset, 57732 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within SD, ZIP 57732 trails on several market indicators that neighboring Lawrence County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
The demographic picture in 57732 includes headwinds that any investor should price in. Income distribution skews lower than Deadwood averages, and tenant stability requires active management.
Distressed ZIPs reward experience. robust returns are possible in 57732, 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 Deadwood:
Market Trends
Home Value History (with trend line)
📊 How Does 57732 Compare?
| Metric | 57732 | Deadwood | Spearfish, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $389,300 | $511,100 | N/A | $311,504 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.8% |
| Avg Rent | $909 | $923 | N/A | - |
| Cap Rate | 1.8% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57732 (Deadwood, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $389,300 |
| Monthly Rent | $909 |
| Price-to-Rent | 35.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 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 (1.8%). 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 57732
Population: 1,870
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 57732
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
Is housing expensive in Deadwood, SD?
Homes in Deadwood, SD typically sell near $389K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What kind of vacancy should I budget for in Deadwood, SD?
Deadwood, SD carries elevated vacancy risk. Expect steady absorption at market rents of $909/mo.
Are eviction rules reasonable in Deadwood, SD?
Landlord-friendliness in Deadwood, SD is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much rent can I charge in Deadwood, SD?
The typical rental in Deadwood, SD commands about $909/mo monthly. That rent profile consistent cash flow against the $389K purchase basis.
How qualified is the tenant pool in Deadwood, SD?
Tenant quality in Deadwood, SD ranks as solid. Landlords generally report steady occupancy at market rents of $909/mo.
You know 57732 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57732 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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