Spearfish, SD

Population: 11,091
Average annual home appreciation rate: 10.30%
Total of homes for sale in this market: 18
Median home price: $189,030
Median Rent: $742
Home price range: 37.61% of homes are between $110,001 – $220,000
Median sales price: No current data available
Number of homes:
Median foreclosure sales price: No current data available
Foreclosure discount: No current data available
Most common home type: 41.31% of homes are single family detached
Number of vacant homes: 5.00%
Number of renters: 54.57%
Number of owner occupied: 45.43%
Number people living below poverty level: 17.84%
Unemployment rate: 2.70%
Is this area perfect for real estate deals going on right now?

Rapid City, SD

Population: 72,638
Average annual home appreciation rate: 3.92%
Total of homes for sale in this market: 40
Median home price: $170,943
Median Rent: $892
Home price range: 49.13% of homes are between $110,001 – $220,000
Median sales price: No data available
Number of homes:
Median foreclosure sales price: No data available
Foreclosure discount: No data available
Most common home type: 58.46% of homes are single family detached
Number of vacant homes: 7.36%
Number of renters: 45.08%
Number of owner occupied: 54.92%
Number people living below poverty level: 16.04%
Unemployment rate: 2.80%
Is this area perfect for real estate deals going on right now?

Sioux Falls, SD

Population: 158,354
Average annual home appreciation rate: 5.50%
Total of homes for sale in this market: 1,111
Median home price: $152,198
Median Rent: $673 per room
Home price range: 53.48% of homes are between $101,001 – $201,000
Median sales price: NO DATA
Number of homes: 865
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 58.44% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.86%
Number of renters: 37.75%
Number of owner occupied: 62.26%
Number people living below poverty level: 11.22%
Unemployment rate: 3.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Sioux Falls area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Rapid City, SD

Population: 69,979
Average annual home appreciation rate: 4.97%
Total of homes for sale in this market:
Median home price: $158,172
Median Rent: $698 per room
Home price range: 50.03% of homes are between $103,001 – $206,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 58.36% of homes are single family detached
Number of vacant homes: 7.11%
Number of renters: 41.24%
Number of owner occupied: 58.76%
Number people living below poverty level: 16.12%
Unemployment rate: 3.80%
Is this area perfect for real estate deals going on right now? Rapid City has shown strength for home appreciation for well over a decade. Compared to the nation as a whole, it looks as though it will continue to do so. There are other hi-lites that could lead to opportunities for the savvy investor, but the overall lower home prices, and higher than average rental rates could already lead to a positive ROI.

Spearfish, SD

Population: 10,704
Average annual home appreciation rate: 8.94%
Total of homes for sale in this market:
Median home price: $175,819
Median Rent: $512 per room
Home price range: 33.93% of homes are between $104,001 – $209,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 40.99% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.19%
Number of renters: 49.87%
Number of owner occupied: 50.13%
Number people living below poverty level: 15.76%
Unemployment rate: 3.60%
Is this area perfect for real estate deals going on right now? Data shows, this makes Spearfish one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

Pierre, SD

Population: 14,016
Average annual home appreciation rate: 9.70%
Total of homes for sale in this market:
Median home price: $158,685
Median Rent: $481 per room
Home price range: 45.72% of homes are between $104,001 – $209,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 57.83% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.71%
Number of renters: 33.58%
Number of owner occupied: 66.42%
Number people living below poverty level: 10.79%
Unemployment rate: 2.60%
Is this area perfect for real estate deals going on right now? Data shows, this makes Pierre one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.