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Best Airbnb Markets in South dakota

Last updated on May 24th, 2024

Best Airbnb Markets in South Dakota

Best Places to Buy an Airbnb in South Dakota

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Last updated on: 12th May, 2024

USA / South Dakota
82% of American responded that they only looked into one city before buying their first vacation rental property. However, by exploring multiple places, you can gain a broader understanding of the real estate landscape, potentially leading to more informed and profitable investment decisions.

We have gathered up all the important short-term rental indicators for you, so you don’t have to spend hours.

These are the 5 best places to start an Airbnb in South Dakota, with an average host revenue of $2.83K+/month. A typical listing is booked for 215 nights a year.

Our Methodologies Data explanations … Read More
Occupancy Rate: It tells how often was a typical active property occupied over the last 12 months? The formula is “number_of_booked_days / number_of_available_days”.
Average Daily Rate: How much did hosts in this market charge per day over the last 12 months? This does not include cleaning fees.
Revenue: What’s the median revenue a property in this market generated over the last 12 months? This Revenue figure represents the median over the past 12 months and does not include taxes, service fees, or additional guest fees.
Number of listings: It is the total active listings over the past 12 months.
How do we collect the data?
Airbtics’ primary data source is attained through a web scraping software that directly takes data points from Airbnb. We also have secondary data sources from Airbnb hosts via iCal or vacation rental managers.
How accurate is the data?
Airbtics is dedicated to providing the most accurate data available in the market. Through the application of data science and machine learning algorithms, we train our various classifiers to consistently improve our data’s accuracy.
In addition to this, we make predictions based on Airbnb’s total revenue and it is 97% correlated with Airbnb’s official statement.

Top Airbnb markets in South Dakota (with the highest Net Short Term Rental yields)

  1. Sioux Falls

    Sioux Falls, South Dakota, is a vibrant city renowned for its stunning waterfalls, historic landmarks, and cultural attractions. Tourists can explore Falls Park, visit the SculptureWalk, and enjoy outdoor activities along the Big Sioux River, making it a wonderful destination for art lovers and nature enthusiasts alike.
    • Airbnb Occupancy Rate: 62%
    • Average Daily Rate: $118
    • Annual Revenue: $26,132
    • Total Listings: 529
  2. Rapid City

    Rapid City, South Dakota, is a vibrant city nestled in the Black Hills region, known for its close proximity to iconic landmarks such as Mount Rushmore and Crazy Horse Memorial. Visitors can explore the rugged beauty of the area, enjoy outdoor adventures like hiking and rock climbing, and immerse themselves in Native American culture through museums and historic sites.
    • Airbnb Occupancy Rate: 67%
    • Average Daily Rate: $169
    • Annual Revenue: $38,995
    • Total Listings: 585

All Profitable Airbnb Markets to Invest in South Dakota

Sioux Falls-market-image
Sioux falls, SD

Sioux falls, SD

529 listings
62%
Airbnb
Occupancy Rate
$118
Average
Daily Rate
$26,132
Annual
Revenue
Pierre-market-image
Pierre, SD

Pierre, SD

17 listings
63%
Airbnb
Occupancy Rate
$149
Average
Daily Rate
$35,587
Annual
Revenue
Hill City-market-image
Hill city, SD

Hill city, SD

54 listings
65%
Airbnb
Occupancy Rate
$239
Average
Daily Rate
$51,269
Annual
Revenue
Rapid City-market-image
Rapid city, SD

Rapid city, SD

585 listings
67%
Airbnb
Occupancy Rate
$169
Average
Daily Rate
$38,995
Annual
Revenue
Mitchell-market-image
Mitchell, SD

Mitchell, SD

33 listings
59%
Airbnb
Occupancy Rate
$90
Average
Daily Rate
$17,880
Annual
Revenue

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