Hot Springs, South Dakota Short-Term Rental Market
CMarket Score 70/100
Quick Answer: Hot Springs, South Dakota is an active short-term rental market. average occupancy is 40%. average monthly revenue is $1,511. average daily rate is $152. the top operator is Evolve with 49 listings. market score is 70/100 (grade C).
Avg Monthly Revenue
$1,511
↓ 5.4% YoY
40%
Occupancy
↓ 3.3% YoY
$152
Avg Daily Rate
↑ 3.3% YoY
$60
RevPAR
↓ 0.1% YoY
40.1 days avg lead time4.2 avg length of stay
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Regulation61
Seasonality72
Investability86
Rental Demand64
Revenue Growth70
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 38% | $127 | $1,453 |
| Feb | 40% | $123 | $1,310 |
| Mar | 43% | $124 | $1,375 |
| Apr | 40% | $123 | $1,316 |
| May | 49% | $148 | $1,665 |
| Jun | 59% | $182 | $2,695 |
| Jul | 56% | $181 | $2,786 |
| Aug | 49% | $169 | $2,338 |
| Sep | 45% | $149 | $1,845 |
| Oct | 51% | $146 | $1,924 |
| Nov | 48% | $144 | $1,943 |
| Dec | 39% | $135 | $1,569 |
Top Short-Term Rental Operators in Hot Springs
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Evolve | 49 | 1,516 | ★ 4.65 |
| 2 | Vacation Home Renter | 8 | 242 | ★ 4.86 |
| 3 | Highland Meadows Resort | 8 | 645 | ★ 4.95 |
| 4 | Sioux Falls Stays | 5 | 154 | ★ 4.90 |
| 5 | Badlands RV And Cabins | 5 | 212 | ★ 4.95 |
What Kind of STR Should I Buy in Hot Springs?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 463 |
| 2 bed | 349 |
| 3 bed | 338 |
| 4 bed | 198 |
| 5 bed | 136 |
ADR by Property Tier
| Entire Home | $160 |
| Luxury | $259 |
| Professionally Managed | $182 |
Revenue by Dwelling Type
| Apartment | $1,260 |
| Entire Place | $1,598 |
| House | $1,607 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 58.2% |
| vrbo | 10.6% |
| both | 31.2% |
Investment Analysis
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
Run a Free Address Analysis
Skip the market averages. Get revenue projections, comp analysis, and ROI for your specific property address. Free, instant, no signup required.
Analyze My Property →Analyze Hot Springs Rentals
Use our free calculator to estimate Airbnb revenue for any property in Hot Springs.
Free Hot Springs STR Calculator →
