Real Estate Investing in Sturgis, South Dakota (57793)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57793 (Sturgis, SD)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 41.5 — 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 Sturgis, SD (57793)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57793 Sturgis
ZIP 57793 inside Meade County looks affordable on the surface — median value of $452K — but the discount exists for reasons that a careful buyer should understand before committing.
The 57793 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Sturgis have seen price recovery that 57793 has not matched. Meade County data supports the view that the spread is structural rather than temporary.
Employment concentration in 57793 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 57793 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 Sturgis:
Market Trends
Home Value History (with trend line)
📊 How Does 57793 Compare?
| Metric | 57793 | Sturgis | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $452,104 | $421,248 | N/A | $311,504 |
| 5-Year CAGR | 5.8% | 5.5% | N/A | 6.8% |
| Avg Rent | $909 | $900 | N/A | - |
| Cap Rate | 1.6% | 1.7% | - | - |
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 57793 (Sturgis, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $452,104 |
| Monthly Rent | $909 |
| Price-to-Rent | 41.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (1.6%). 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 57793
Population: 2,042
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 57793
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
Frequently Asked Questions
What is the tenant pool like in Sturgis, SD?
Working renters make up the core of the Sturgis, SD tenant base. The pool is reasonable for investors targeting long-term holds.
Is real estate in Sturgis, SD a good investment right now?
Investors tracking Sturgis, SD will find a 3.0/5 rating supported by $452K median home values and $909/mo rents. That profile suits long-term holders targeting measured returns.
What is the median home value in Sturgis, SD?
Sturgis, SD median home values land near $452K. That is reasonable territory for investors looking at $909/mo-per-month rentals.
Is Sturgis, SD a friendly market for rental owners?
Rental owners in Sturgis, SD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What investment strategy works best in Sturgis, SD?
Investors usually favor careful cash-flow rentals with hands-on management in Sturgis, SD. With home values at $452K and rents near $909/mo, other strategies can work but produce stable rather than outsized returns.
You know 57793 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57793 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.
How 57793 ranks in Rapid City, SD
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