Investment Properties for Sale in Vermillion, SD
59- 3 Bed
- 3 Bath
- 2606 sft
269- 4 Bed
- 3 Bath
- 1970 sft
768- 5 Bed
- 2 Bath
- 2128 sft
100- 3 Bed
- 2 Bath
- 1700 sft
Why Invest in Vermillion, South Dakota?
Vermillion, SD offers steady real estate investment opportunities driven by its university-driven rental demand and stable Midwest economy. Investors benefit from average rents around $875 monthly and home values near $265,000 with recent appreciation of 4-5% annually. Cap rates hover around 6-7%, supported by low vacancy and a renter-occupied rate over 40%. The local market shows resilience with median days on market under 50 days and growing employment at the University of South Dakota. Cash flow potential is solid for single-family and small multifamily properties in this growing college town.
Frequently Asked Questions
Median rent is $875 per month for typical units. Rates have grown 5% yearly, driven by student and faculty demand. One-bedroom averages $700-800.
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