Sturgis, SD

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Sturgis short-term rental market based on reliable data.

Listings

73 / 290

Reliable / Active

Cap Rate

5%

Middle-Earners Gross Yield

Revenue

$20,120

Middle-Earners Revenue

Occupancy

48%

Middle-Earners Occupancy

Home Value

$377,164

Median Home Sale Price

Top Earners

$45,355

Top-Earners Revenue

Sturgis

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Sturgis.

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B

Generally Investor friendly

Sturgis Regulations

Sturgis has no local STR ordinance, so investors operate under straightforward statewide requirements (state registration, sales/use tax, health/safety). Only B&Bs or specialty lodging may need a CUP; taxes apply. Nearby towns impose stricter rules and Sturgis could adopt limits, making it friendly but with moderate regulatory risk.

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About Sturgis

Sturgis is a small city in Meade County in western South Dakota, home to roughly 7,000 residents. Tucked into the foothills of the Black Hills, it carries a distinct frontier-meets-motorcycle-town character, with a compact downtown of Western storefronts, historic saloons, and rally-themed storefronts that swing into high gear each summer. The city is best known internationally as the home of the Sturgis Motorcycle Rally, an annual August gathering that draws hundreds of thousands of riders and transforms the town for roughly a week. Sturgis also serves as a year-round gateway to the Black Hills region. The nearest major city is Rapid City, which sits about 30 miles to the southeast and offers a regional airport and full-service amenities.

Just north of town rises Bear Butte State Park, an iconic geological feature and sacred site to many Northern Plains tribes. The butte offers a moderately strenuous hiking trail to its summit, with sweeping views of the surrounding plains and the Black Hills, and the adjacent lake draws campers and day visitors. From Sturgis, the park is only a short drive of roughly ten minutes, making it an easy natural escape for travelers staying in the area.

About an hour's drive southeast of Sturgis lies Mount Rushmore National Memorial, the colossal sculpture of four U.S. presidents carved into the Black Hills. The memorial's Avenue of Flags, Presidential Trail, sculptor’s studio, and evening lighting ceremony make it one of the most visited sites in the region and a staple stop for nearly every Black Hills itinerary.

A short drive northwest of Sturgis brings visitors to Deadwood, a historic Old West town in the heart of the Black Hills. Once a gold rush boomtown, Deadwood is now a National Historic Landmark district filled with preserved 19th-century buildings, casinos, saloons, and reenactments of Wild West history, including the legendary graves of Wild Bill Hickok and Calamity Jane. The drive from Sturgis takes roughly twenty-five to thirty minutes along scenic byways.

For owners of short-term rentals, Sturgis offers an unusually dynamic demand profile. The annual rally delivers an intense, multi-week booking spike that can drive revenue well above regional averages, while the surrounding Black Hills attractions support a steadier shoulder-season flow of road-trippers, motorcycle enthusiasts, and outdoor recreationists throughout the warmer months. Combined with its small-town charm and convenient access to some of the most recognizable landmarks in the northern Great Plains, Sturgis presents a compelling case as a base for vacation rental investment.

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