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Market MapSouth DakotaPennington

Pennington County

South DakotaPopulation: 110,386
51
/100
Hold
#762 of 1,000 counties
#38 in South Dakota (50 counties)

Market Snapshot

$353,836
Median Home Price
29% above national median
$1,315/mo
Median Rent
12% below national median
4.46%
Rent-to-Price Ratio
Top 87% nationally
-$1,000
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$353,836
Down Payment (20%)$70,767
Loan Amount$283,069
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,315
Monthly P&I-$1,855
Est. Expenses (35%)-$460
Net Cash Flow-$1,000/mo
2.9%
Cap Rate (all cash)
-14.8%
Cash-on-Cash Return
4.46%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
37/100

Based on 4.46% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
69/100

Based on 1.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
52/100

Price-to-income ratio of 5.2x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Complete rent data available

Challenges

  • -Below-average rent-to-price ratio (4.46%)
  • -Negative cash flow at typical financing (-$1,000/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Economic Indicators

Population
110,386
Median Income
$67,823
vs $62,400 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.2x
Less affordable

Compare to Nearby Counties

CountyVerdict
CusterSD
53$493,577Est. pending—HoldView
CurrentPenningtonSD
51$353,836$1,3154.46%Hold
MinnehahaSD
51$317,113$1,1794.46%HoldView
MeadeSD
50$380,395$1,3634.30%HoldView
RobertsSD
50$214,859Est. pending—HoldView
StanleySD
49$296,866Est. pending—HoldView

The Bottom Line

HoldPennington is a neutral market. Consider house hacking or targeting below-market deals.

Pennington County in South Dakota scores 51/100, ranking #762 of 1,000 US counties (top 76%). The 4.46% rent-to-price ratio may require creative strategies or below-market purchases for positive cash flow. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow
$-1,000/mo
Cap Rate
2.9%
Cash-on-Cash
-14.8%

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