Real Estate Investing in Edgemont, South Dakota (57735)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57735 (Edgemont, 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.
- High vacancy: 29.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Edgemont, SD (57735)?
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Market Analysis: 57735 Edgemont
Turning to rents, ZIP 57735 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $229K median. It rewards specialists, not generalists.
The 57735 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 57735 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 57735 includes headwinds that any investor should price in. Income distribution skews lower than Edgemont averages, and tenant stability requires active management.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Edgemont:
Market Trends
Home Value History (with trend line)
📊 How Does 57735 Compare?
| Metric | 57735 | Edgemont | South Dakota |
|---|---|---|---|
| Home Value | $228,626 | $228,626 | $311,504 |
| 5-Year CAGR | 9.3% | 9.3% | 6.8% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57735 (Edgemont, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,626 |
| Monthly Rent | $891 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +24.7% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | +9.3% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.0%). 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 57735
Population: 1,715
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 57735
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
What do rentals go for in Edgemont, SD?
Average rent in Edgemont, SD is approximately $891/mo per month. Against $229K home values that yields a reasonable rent-to-price ratio.
What are home prices like in Edgemont, SD?
Median home price in Edgemont, SD is near $229K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What kind of market is Edgemont, SD for investors?
Investors tracking Edgemont, SD will find a 3.0/5 rating supported by $229K median home values and $891/mo rents. That profile suits long-term holders targeting steady returns.
How quickly do rentals get leased in Edgemont, SD?
Vacancy risk in Edgemont, SD is elevated. That supports stable cash flow for typical rental holds.
What kind of tenants rent in Edgemont, SD?
Edgemont, SD offers a even-keeled renter base at the $891/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 57735 now. You don’t know where it ranks.
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