Real Estate Investing in Wall, South Dakota (57790)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 57790 (Wall, 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: 31.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.4 — 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 Wall, SD (57790)?
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Market Analysis: 57790 Wall
Investors eyeing 57790 need to respect the fundamentals at play. Home values of $321K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $321K asset, 57790 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 57790 offers a low basis, the region around Wall has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 57790 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.
Strategically, 57790 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Wall:
Market Trends
Home Value History (with trend line)
📊 How Does 57790 Compare?
| Metric | 57790 | Wall | Rapid City, SD | South Dakota |
|---|---|---|---|---|
| Home Value | $321,138 | $321,138 | N/A | $311,504 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 6.8% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 57790 (Wall, SD). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $321,138 |
| Monthly Rent | $909 |
| Price-to-Rent | 29.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.2%). 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 57790
Population: 1,074
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 57790
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
How should investors approach Wall, SD?
Investors usually favor careful cash-flow rentals with hands-on management in Wall, SD. With home values at $321K and rents near $909/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is it easy to find good tenants in Wall, SD?
Wall, SD offers a reliable renter base at the $909/mo rent level. Tenant turnover is reasonable for well-managed properties.
How much does a house cost in Wall, SD?
Median home price in Wall, SD is near $321K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What does house hacking look like in Wall, SD?
House hacking in Wall, SD is reasonable to execute. Prices around $321K and rents of $909/mo solid owner-occupant economics.
Are eviction rules reasonable in Wall, SD?
Wall, SD operates under SD law, which is landlord-friendly overall for landlords. Expect steady treatment in typical lease and eviction cases.
You know 57790 now. You don’t know where it ranks.
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How 57790 ranks in Rapid City, SD
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