Mitchell, SD
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Mitchell short-term rental market based on reliable data.
Listings
27 / 51
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$25,186
Middle-Earners Revenue
Occupancy
53%
Middle-Earners Occupancy
Home Value
$243,006
Median Home Sale Price
Top Earners
$38,609
Top-Earners Revenue
Mitchell
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Mitchell.
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Generally Investor friendly
Mitchell Regulations
STRs are permitted in R‑2/R‑3 only via a conditional use permit (with a public hearing and City Council approval) and allowed in R‑4 without a CUP, but prohibited in several residential districts (R‑L, R‑1, R‑5), requiring zoning confirmation and a moderate permitting/compliance burden. Enforcement has focused on warnings, no explicit caps are noted, and the city’s 2025 updates introduce some uncertainty, yet the process remains manageable for investors.
Local STR Agent
STR specialist · Mitchell, SD
About Mitchell
Mitchell is a city in and the county seat of Davison County, South Dakota, United States. The population was 15,660 at the 2020 census making it the sixth most populous city in South Dakota.Mitchell is the principal city of the Mitchell Micropolitan Statistical Area, which includes all of Davison and Hanson counties.