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Market MapSouth DakotaMeade

Meade County

South DakotaPopulation: 29,970
52
/100
Hold
#512 of 1,000 counties
#36 in South Dakota (50 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated May 11, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$394,532
Median Home Price
69% above national median
$1,340/mo
Median Rent
11% below national median
4.08%
Rent-to-Price Ratio
Top 92% nationally
-$1,197
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Scenario comparison

Same $1,340/mo rent assumption, 20% down, 6.85% rate. What changes is the acquisition price.
ScenarioPurchase priceMonthly cash flowCap rateCash-on-cash
75% of median
value-add or distressed
$295,899-$680/mo3.5%-12.0%
Median
typical MLS deal
$394,532-$1,197/mo2.6%-15.8%
125% of median
newer / premium
$493,165-$1,714/mo2.1%-18.1%

Price History

Historical data from Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$394,532
Down Payment (20%)$78,906
Loan Amount$315,626
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,340
Monthly P&I-$2,068
Est. Expenses (35%)-$469
Net Cash Flow-$1,197/mo
2.6%
Cap Rate (all cash)
-15.8%
Cash-on-Cash Return
4.08%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.6% 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
52/100
52
Cash Flow(30%)
31/100

Based on 4.08% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
86/100

Based on 4.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
46/100

Price-to-income ratio of 5.6x. 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 (4.08%)
  • -Negative cash flow at typical financing (-$1,197/mo)
  • -Negative leverage (cap rate 2.6% < mortgage rate 6.9%)

Economic Indicators

Population
29,970
Median Income
$70,256
vs $57,059 national est.
Unemployment Rate
—
Data pending
Price-to-Income
5.6x
Less affordable

Who this market fits

Best for
  • +Patient holders willing to accept negative carry for equity gains
  • +All-cash buyers: removing debt service flips the cap rate to actual yield
Skip if
  • −You need positive cash flow on day one at typical leverage
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)

Compare to Nearby Counties

CountyVerdict
JerauldSD
54$208,676Est. pending—HoldView
CusterSD
53$493,577Est. pending—HoldView
CurrentMeadeSD
52$394,532$1,3404.08%Hold
MinnehahaSD
51$317,113$1,1794.46%HoldView
PenningtonSD
51$353,836$1,3154.46%HoldView
RobertsSD
50$214,859Est. pending—HoldView

The Bottom Line

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

Meade County in South Dakota scores 52/100, ranking #512 of 1,000 US counties (top 68%). At 20% down and current rates, a median-priced rental loses about $1197/month; the 4.08% gross rent-to-price ratio doesn't survive debt service. The thesis here is appreciation, value-add, house hacking, or all-cash.

Monthly Cash Flow
$-1,197/mo
Cap Rate
2.6%
Cash-on-Cash
-15.8%

Related markets

Markets like Meade with stronger cash flow

  • Minnehaha County for cash-flow rentals
  • Pennington County for cash-flow rentals

Cheaper alternatives to Meade

  • Jerauld County, lower entry price
  • Roberts County, lower entry price
  • Minnehaha County, lower entry price

Head-to-head comparisons

  • Meade vs Custer for rentals
  • Meade vs Minnehaha for rentals
  • Meade vs Pennington for rentals
All counties in South Dakota →

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