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Market MapMitchell, SD
Metropolitan Area

Mitchell, SD

South Dakota0
58
/100
Hold
#572 of 894 metros
Top 64% nationally for investing

Market Snapshot

$262,408
Median Home Price
3% above national median
$961/mo
Median Rent
31% below national median
4.39%
Rent-to-Price Ratio
Top 87% nationally
-$751
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$262,408
Down Payment (20%)$52,482
Loan Amount$209,926
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$961
Monthly P&I-$1,376
Est. Expenses (35%)-$336
Net Cash Flow-$751/mo
2.9%
Cap Rate (all cash)
-14.9%
Cash-on-Cash Return
4.39%
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 metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
58/100
58
Cash Flow(30%)
36/100

Based on 4.39% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
81/100

Based on 3.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
74/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.39%)
  • -Negative cash flow at typical financing (-$751/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Counties in Mitchell, SD

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Muscatine, IA
Muscatine, IA
78$203,082Est.Strong BuyView
Danville, IL
Danville, IL
78$99,458$89110.75%Strong BuyView
Grenada, MS
Grenada, MS
78$132,409Est.Strong BuyView
Spencer, IA
Spencer, IA
78$195,413Est.Strong BuyView
Selma, AL
Selma, AL
78$90,709Est.Strong BuyView
Current
Mitchell, SD
58$262,408$9614.39%Hold

The Bottom Line

HoldMitchell, SD is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Mitchell, SD metro area scores 58/100, ranking #572 of 894 US metros (top 64%). The 4.39% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-751/mo
Cap Rate
2.9%
Cash-on-Cash
-17.2%

Ready to Invest in Mitchell, SD?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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