Sioux Falls, SD-MN
N/A transactions last 30d
7.70%
gross yield
$1,849
Median rent
$288,800
Avg home value
N/A
30d transactions
Market data updated Jul 1, 2026
South Dakota Average Rent & Rental Yield
Screen South Dakota rental return signals with average asking rent (median), gross rental yield, home value, and transaction activity. Use this page as a market-level starting point before underwriting individual properties, operators, or borrower prospects.
7.58%
Gross Rental Yield
$1,800
Median Rent
$285,189
Avg Home Value
N/A
Transactions (30d)
Average rent in South Dakota
The median asking rent in South Dakota is $1,800 as of July 2026, based on active rental listings statewide. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $285,189, that rent level prices South Dakota at a 7.58% gross rental yield. Rent and yield vary widely by metro — use the metro breakdown below to compare individual South Dakota markets.
Rental yield snapshot for South Dakota
Gross rental yield is a first-pass market screen. It does not include taxes, insurance, repairs, vacancies, financing, or property-level operating differences. Pair it with observed transaction activity before choosing where to prospect.
N/A
Median Sale Price
N/A
Active Listings
N/A
Avg Days on Market
N/A
Months of Supply
N/A
Price Reduced
Jul 1, 2026
Market Data Date
Metro market heatmap
Featured metros combine the largest South Dakota markets by transaction activity with the highest gross-yield markets, so both demand centers and return outliers stay visible in one screen.
South Dakota metro market heatmap
Each metro tile shows rent, value, transaction context, and a direct path into the Rental Insights workflow.
Under 5.5%5.5% to <6.5%6.5% to <7.5%7.5%+
Watertown, SD
314 active investors
314
investors
314
Active investors
7.58%
State gross yield
$1,800
State median rent
Huron, SD
313 active investors
313
investors
313
Active investors
7.58%
State gross yield
$1,800
State median rent
Yankton, SD
291 active investors
291
investors
291
Active investors
7.58%
State gross yield
$1,800
State median rent
Pierre, SD
N/A transactions last 30d
14.86%
gross yield
$1,700
Median rent
$147,781
Avg home value
N/A
30d transactions
Rapid City, SD
N/A transactions last 30d
7.08%
gross yield
$2,000
Median rent
$336,900
Avg home value
N/A
30d transactions
Sioux City, IA-NE-SD
N/A transactions last 30d
8.12%
gross yield
$2,300
Median rent
$347,469
Avg home value
N/A
30d transactions
Vermillion, SD
N/A transactions last 30d
9.03%
gross yield
$1,600
Median rent
$176,505
Avg home value
N/A
30d transactions
Mitchell, SD
N/A transactions last 30d
10.36%
gross yield
$1,300
Median rent
$150,141
Avg home value
N/A
30d transactions
Metro
Gross Yield
Median Rent
Avg Home Value
30d Transactions
Sioux Falls, SD-MN
SD
7.70%
$1,849
$288,800
N/A
Watertown, SD
SD
N/A
N/A
N/A
N/A
Huron, SD
SD
N/A
N/A
N/A
N/A
Yankton, SD
SD
N/A
N/A
N/A
N/A
Pierre, SD
SD
14.86%
$1,700
$147,781
N/A
Rapid City, SD
SD
7.08%
$2,000
$336,900
N/A
Sioux City, IA-NE-SD
SD
8.12%
$2,300
$347,469
N/A
Vermillion, SD
SD
9.03%
$1,600
$176,505
N/A
Mitchell, SD
SD
10.36%
$1,300
$150,141
N/A
All South Dakota rental markets
Average rent and rental yield reports for every covered South Dakota metro (5 markets).
- Mitchell, SD10.36% yield
- Pierre, SD14.86% yield
- Rapid City, SD7.08% yield
- Sioux Falls, SD-MN7.70% yield
- Vermillion, SD9.03% yield
Turn South Dakota rental signals into a target list
Use yield context to prioritize a market, then move into rental listings, active investors, borrower prospects, or a custom data pull for your team.