Real Estate Investing in Deadwood, South Dakota (57759)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57759 (Deadwood, 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: 68.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 56.4 — 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 Deadwood, SD (57759)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57759 Deadwood
The 57759 ZIP in Deadwood, SD is a local-operator market. Outside capital chasing a $633K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $633K asset, 57759 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Deadwood have seen price recovery that 57759 has not matched. Lawrence County data supports the view that the spread is structural rather than temporary.
Resident income in 57759 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 57759 is an operator game, not a passive one. Turning to rents, entry prices of $633K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Deadwood:
Market Trends
Home Value History (with trend line)
📊 How Does 57759 Compare?
| Metric | 57759 | Deadwood | Spearfish, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $632,901 | $511,100 | N/A | $311,504 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 6.8% |
| Avg Rent | $936 | $923 | N/A | - |
| Cap Rate | 1.2% | 1.5% | - | - |
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 57759 (Deadwood, SD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 57759 (Deadwood, SD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $632,901 |
| Monthly Rent | $936 |
| Price-to-Rent | 56.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 1.8% |
| Cap Rate | 1.2% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | -0.7% ▼ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (1.2%). 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 57759
Population: 393
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 57759
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 kind of market is Deadwood, SD for investors?
The 3.0/5 investability rating in Deadwood, SD reflects its $633K prices and $936/mo rents. Investors generally consider it a solid option within SD.
What is the typical renter like in Deadwood, SD?
Expect a solid tenant pool in Deadwood, SD. The rental market absorbs $936/mo rents without meaningful friction.
What do rentals go for in Deadwood, SD?
Expect rents around $936/mo per month in Deadwood, SD. With home values at $633K, the yield math works out to reasonable levels for rental investors.
Are there empty rentals in Deadwood, SD?
Rental vacancy in Deadwood, SD is elevated. Investors should budget normal turnover but not chronic empty units.
Is Deadwood, SD good for house hacking?
House hacking works a challenging in Deadwood, SD. Rents of $936/mo against $633K acquisition make the strategy solid for owner-occupants.
You know 57759 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57759 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.
AI Market Advisor
Ask questions about investing in 57759 (Deadwood)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 57759 (Deadwood, SD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.