The top 10 metros in South Dakota for gross rental yield right now. Real 2026 numbers, updated quarterly. South Dakota is not a HUD Small Area Fair Market Rent state, so this leaderboard is ranked at the metro level using HUD's 2-bedroom metropolitan Fair Market Rent.
| Rank | Metro | 2BR FMR / mo | State home value | Gross yield |
|---|---|---|---|---|
| 01 | Rapid City, SD | $1,119 | $323,067 | 4.16% |
| 02 | Rapid City, SD | $1,095 | $323,067 | 4.07% |
| 03 | Sioux City, IA-NE-SD | $1,043 | $323,067 | 3.87% |
| 04 | Sioux Falls, SD | $1,030 | $323,067 | 3.83% |