Real Estate Investing in Piedmont, South Dakota (57769)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57769 (Piedmont, 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 33.4 — 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 Piedmont, SD (57769)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 57769 Piedmont
Not every below-median market is a bargain. Piedmont's 57769 ZIP stands at signals that favor experienced operators who can absorb the risk $491K pricing implies.
For an experienced owner, 57769 can be a an appealing option for hunting ground — but the discount at $491K reflects genuine risk that outside investors often underestimate.
Within SD, ZIP 57769 trails on several market indicators that neighboring Meade County submarkets outperform. The gap is real and robust enough to shape underwriting.
Resident income in 57769 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The 57769 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 Piedmont:
Property Strategy for 57769
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $383,172 | $1,360 | 2.6% | — | $191,586 |
| 3BR | $455,182 | $1,890 | 3.0% | +8.4% | $151,727 |
| 4BR | $531,483 | $2,280 | 3.1% | +8.5% | $132,871 |
Market Trends
Home Value History (with trend line)
📊 How Does 57769 Compare?
| Metric | 57769 | Piedmont | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $490,819 | $490,819 | N/A | $311,504 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 6.8% |
| Avg Rent | $1,224 | $1,224 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
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 57769 (Piedmont, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $490,819 |
| Monthly Rent | $1,224 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +4.3% ▲ |
| 3-Year CAGR | +2.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.0%). 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 57769
Population: 4,017
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 57769
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
Investor Insight: With 728 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Piedmont, SD?
The typical rental in Piedmont, SD commands about $1,224/mo monthly. That rent profile even-keeled cash flow against the $491K purchase basis.
How qualified is the tenant pool in Piedmont, SD?
The tenant pool in Piedmont, SD is solid, supported by local employment and population fundamentals. Rents of $1,224/mo are well-absorbed by the market.
What real estate strategy is ideal for Piedmont, SD?
For Piedmont, SD, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How tight is the rental market in Piedmont, SD?
Piedmont, SD carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,224/mo.
Is Piedmont, SD a friendly market for rental owners?
For rental operators, Piedmont, SD rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 57769 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 57769 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 57769 ranks in Rapid City, SD
Every ZIP in this metro, ranked. Free.
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