Performance indicators for the Hot Springs short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Hot Springs.
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Very Investor friendly
STRs are allowed citywide with no STR‑specific permits or caps, so investors face only basic state tax registration and general health/safety/zoning compliance—simple, inexpensive, and without meaningful caps or hostile enforcement.
Local STR Agent
STR specialist · Hot Springs, SD
Hot Springs (Lakota: mni kȟáta; "hot water") is a city in and county seat of Fall River County, South Dakota, United States. As of the 2020 census, the city population was 3,395. In addition, neighboring Oglala Lakota County contracts the duties of Auditor, Treasurer and Register of Deeds to the Fall River County authority in Hot Springs.