Single Family 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, South Dakota offers single-family home investors a stable, affordable entry point in a balanced housing market. With a median home value around $265,000–$296,000 and appreciation of 6.7% year-over-year, the market provides steady growth potential without the volatility of larger metros. The city's affordability score ranks third in South Dakota, making it attractive for buy-and-hold strategies. Single-family rentals benefit from consistent demand in a market where homes sell within 27–31 days on average, indicating healthy liquidity for investors seeking portfolio diversification.
Frequently Asked Questions
With average rents around $1,194 monthly and median home values near $280,000, single-family rentals in Pierre typically generate $300–$450 monthly cash flow after accounting for property taxes ($2,548 annually), maintenance, and vacancy. Cap rates average 4.8%, making Pierre suitable for buy-and-hold investors prioritizing stability over aggressive returns.
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