Real Estate Investing in Hermosa, South Dakota (57744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57744 (Hermosa, 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.
- Elevated vacancy: 11.6% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 44.8 — 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 Hermosa, SD (57744)?
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Market Analysis: 57744 Hermosa
The 57744 ZIP in Hermosa, SD is a local-operator market. Outside capital chasing a $619K entry has to pair deep knowledge with the discount.
Rent of $1,152/mo on a $619K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57744 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 57744 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 57744 includes headwinds that any investor should price in. Income distribution skews lower than Hermosa averages, and tenant stability requires active management.
The 57744 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Hermosa:
Market Trends
Home Value History (with trend line)
📊 How Does 57744 Compare?
| Metric | 57744 | Hermosa | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $618,562 | $618,562 | N/A | $311,504 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 6.8% |
| Avg Rent | $1,152 | $1,152 | N/A | - |
| Cap Rate | 1.5% | 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 57744 (Hermosa, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $618,562 |
| Monthly Rent | $1,152 |
| Price-to-Rent | 44.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.5% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +0.1% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (1.5%). 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 57744
Population: 2,211
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 57744
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 Hermosa, SD good for landlords?
For rental operators, Hermosa, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is Hermosa, SD a good market for buy-and-hold investors?
Our data puts Hermosa, SD at 3.0/5 for investability. Home prices of $619K and rents around $1,152/mo create a solid backdrop for investor activity.
Are tenants stable in Hermosa, SD?
Working renters make up the core of the Hermosa, SD tenant base. The pool is reasonable for investors targeting long-term holds.
Is house hacking profitable in Hermosa, SD?
House hacking works a challenging in Hermosa, SD. Rents of $1,152/mo against $619K acquisition make the strategy solid for owner-occupants.
How much does a house cost in Hermosa, SD?
Homes in Hermosa, SD typically sell near $619K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
You know 57744 now. You don’t know where it ranks.
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How 57744 ranks in Rapid City, SD
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