Codington cap rate
Cap rate
2.3%
Ranks #2,473 of 3,071 U.S. counties, in the top 80%.
- vs. national median3.5%Codington is lower than the U.S. median
- vs. South Dakota median2.1%Codington is higher than the South Dakota median
What cap rate means
Capitalization rate estimates the annual return on a rental property before financing: gross rent divided by purchase price. Higher cap rates mean stronger cash flow relative to price, which investors weigh against appreciation potential and risk. We estimate it from local rents and home values; verify against an actual listing before underwriting a deal.