State · SD

South Dakota

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$302k

+3.5%

Zillow ZHVI

Median rent

$1,280/mo

+4.2%

Zillow ZORI

Gross yield

5.09%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$71,810

Census ACS

Owner-occupied

68.4%

Census ACS

Renter-occupied

31.6%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 5.09% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 4.2% YoY while values moved 3.5%. That gap drives whether yield compresses or expands over time.

Renter share is 32% - a deep renter pool means lower vacancy risk in South Dakota.

Median income of $71,810 sets the affordability ceiling on rent growth.