Milbank, SD
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Milbank short-term rental market based on reliable data.
Listings
3 / 26
Reliable / Active
Cap Rate
4%
Middle-Earners Gross Yield
Revenue
$8,407
Middle-Earners Revenue
Occupancy
46%
Middle-Earners Occupancy
Home Value
$224,514
Median Home Sale Price
Top Earners
$13,888
Top-Earners Revenue
Milbank
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Milbank.
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Generally Investor friendly
Milbank Regulations
STRs are allowed and not banned citywide, with no visible caps or severe restrictions; however, operators must confirm zoning (potentially needing a conditional use/variance), follow building permits and property/fire standards, and comply with state lodging taxes, making the process moderately burdensome but navigable and supportive.
Local STR Agent
STR specialist · Milbank, SD
About Milbank
Milbank is a city in Grant County, South Dakota, United States, located along the South Fork of the Whetstone River. The population was 3,544 at the 2020 census. It is the county seat of Grant County. Milbank is the birthplace of American Legion Baseball. The program was created in Milbank in 1925 and is now enjoyed by high school aged youth on more than five thousand teams in all fifty states.