Real Estate Investing in Hot Springs, South Dakota (57747)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57747 (Hot Springs, 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: 20.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.9 — 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 Hot Springs, SD (57747)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57747 Hot Springs
This part of Fall River County is not an easy win. The 57747 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,026/mo on a $332K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 57747 sits below the stated 0.0% once reality is priced in.
Within SD, ZIP 57747 trails on several market indicators that neighboring Fall River County submarkets outperform. The gap is real and robust enough to shape underwriting.
Demographically, 57747 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. significant returns are possible in 57747, 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 Hot Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 57747 Compare?
| Metric | 57747 | Hot Springs | South Dakota |
|---|---|---|---|
| Home Value | $331,676 | $331,676 | $311,504 |
| 5-Year CAGR | 4.4% | 4.4% | 6.8% |
| Avg Rent | $1,026 | $1,026 | - |
| Cap Rate | 2.4% | 2.4% | - |
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 57747 (Hot Springs, SD). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 57747 (Hot Springs, SD)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $331,676 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 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 (2.4%). 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 57747
Population: 5,889
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 57747
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 Hot Springs, SD a good market for buy-and-hold investors?
Hot Springs, SD scores 3.0/5 for investability. Home values sit at $332K and rents near $1,026/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are rents high in Hot Springs, SD?
Average rent in Hot Springs, SD is approximately $1,026/mo per month. Against $332K home values that yields a reasonable rent-to-price ratio.
What is the smart move for investors in Hot Springs, SD?
Investors usually favor careful cash-flow rentals with hands-on management in Hot Springs, SD. With home values at $332K and rents near $1,026/mo, other strategies can work but produce stable rather than outsized returns.
Is Hot Springs, SD a good market for FHA house hackers?
The house hack math a challenging in Hot Springs, SD. Owner-occupant buyers benefit from the $1,026/mo rents and $332K home values.
How quickly do rentals get leased in Hot Springs, SD?
Hot Springs, SD sees elevated vacancy, which is reasonable relative to the broader SD rental market.
You know 57747 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57747 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 57747 (Hot Springs)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 57747 (Hot Springs, SD).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.