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South Dakota

Build-to-Rent Market Profile

56%

Build 2 Rent Score

Grade

#16

National Rank

Tier 3

Stable

Market Metrics

Income Growth

5.1%

higher is better · Bureau of Labor Statistics (BLS), QCEW

Population Growth

1.7%

higher is better · U.S. Census Bureau, ACS 5-Year Estimates

Rent Growth

5.3%

higher is better · Zillow Observed Rent Index (ZORI)

Job Growth

—

higher is better · Bureau of Labor Statistics, Current Employment Statistics

Vacancy Rate

5.6%

lower is better · U.S. Census Bureau, Housing Vacancy Survey

Crime Rate

280

lower is better · FBI Uniform Crime Reporting (UCR) Program

Building Permits

260

higher is better · U.S. Census Bureau, Building Permits Survey

Land Cost

$31k

lower is better · Zillow ZHVI, 2-BR Tier

Property Taxes

—

lower is better · Tax Foundation, State & Local Property Tax

Insurance Cost

—

lower is better · NAIC / Insurify Insurance Cost Index

Landlord Friendliness

—

higher is better · Rentometer Landlord-Friendly Index

Home Appreciation

—

higher is better · FHFA House Price Index

Growth Profile

Moderate Growth

Population1.7%

Income5.1%

Rent5.3%

Jobs—

Risk Profile

Elevated Risk

Vacancy5.6%

Crime280

Insurance—

Regulation & Cost

Strategy: Cash Flow

Property Tax—

Landlord Friendliness—

Land Cost (2BR)$31k

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South Dakota

Growth Profile

Risk Profile

Regulation & Cost

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