Real Estate Investing in Keystone, South Dakota (57751)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57751 (Keystone, 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: 23.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 49.8 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Keystone, SD (57751)?
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Market Analysis: 57751 Keystone
ZIP 57751 in Keystone, SD carries a sturdy set of headwinds. Home values near $543K and rents of $909/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $543K purchase price, 0.0% nominal cap — the work to hit that pro forma in 57751 is substantial and deserves full respect.
Nearby ZIPs in Keystone have seen price recovery that 57751 has not matched. Pennington County data supports the view that the spread is structural rather than temporary.
Resident income in 57751 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. sturdy returns are possible in 57751, 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 Keystone:
Property Strategy for 57751
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $435,725 | $1,010 | 1.7% | +9.8% | $217,863 |
| 3BR | $557,864 | $1,350 | 1.7% | +9.7% | $185,955 |
Market Trends
Home Value History (with trend line)
📊 How Does 57751 Compare?
| Metric | 57751 | Keystone | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $542,854 | $542,854 | N/A | $311,504 |
| 5-Year CAGR | 6.9% | 6.9% | N/A | 6.8% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 1.3% | 1.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57751 (Keystone, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $542,854 |
| Monthly Rent | $909 |
| Price-to-Rent | 49.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.0% |
| Cap Rate | 1.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +6.9% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (1.3%). 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 57751
Population: 996
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How quickly do rentals get leased in Keystone, SD?
Keystone, SD carries elevated vacancy risk. Expect predictable absorption at market rents of $909/mo.
How much does a house cost in Keystone, SD?
Homes in Keystone, SD typically sell near $543K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Keystone, SD a good market for buy-and-hold investors?
Our data puts Keystone, SD at 3.0/5 for investability. Home prices of $543K and rents around $909/mo create a solid backdrop for investor activity.
Is Keystone, SD good for landlords?
For rental operators, Keystone, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What monthly rent should investors expect in Keystone, SD?
Average rent in Keystone, SD is approximately $909/mo per month. Against $543K home values that yields a reasonable rent-to-price ratio.
You know 57751 now. You don’t know where it ranks.
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How 57751 ranks in Rapid City, SD
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