High Rental Yield Investment Properties for Sale in Pierre, SD
437- 4 Bed
- 3 Bath
- 2193 sft
210- 3 Bed
- 2 Bath
- - sft
370- 3 Bed
- 3 Bath
- - sft
274- 3 Bed
- 2 Bath
- 2208 sft
Why Invest in Pierre, South Dakota?
Pierre, SD offers **high rental yield** opportunities for investors seeking stable returns in a growing capital city market. Average rents have risen steadily to around $950 for one-bedrooms, supporting yields above 6% amid low vacancy and demand from state government workers. Home values appreciated from $150k in 2010 to $270k+ in 2025, with recent growth at 6-7% annually. Cap rates hover around 7%, bolstered by affordable entry prices and consistent renter occupancy near 40%. Economic stability from public sector jobs enhances cash flow potential for long-term holds.
Frequently Asked Questions
Steady rent growth to $950 for one-bedrooms and median home values around $275k create favorable yield ratios above 6%. Demand from state employees keeps occupancy high. Appreciation at 6%+ adds to total returns.
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