Real Estate Investment Properties for Sale in Hill City, SD

Looking for investment property in Hill City, SD with high ROI ?

Explore a variety of short-term homes & houses in Hill City, SD. Invest wisely with VRBO & Hill City, SD Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Hill City, SD

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
11321 Gillette Prairie Rd Hill City, SD Listed by the Integrity Realty Team of the Black Hills ~ Jim Peterson and June Johnson ...	3 beds \| 2 baths \| 2,240 sq.ft.	$172,750	Airbnb cash on cash: 8.77% Traditional cash on cash: 10.72% Airbnb Rental Income: $2523 Traditional Rental Income: $2235 Airbnb ROI: 8.77% Traditional ROI: 10.72%
12490 Old Hill City Rd Hill City, SD Here it is... that PERFECT little cabin in the Hills ~ surrounded by trees ~ creek side lo...	2 beds \| 1 baths \| 820 sq.ft.	$399,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 1.11% Airbnb Rental Income: $1762 Traditional Rental Income: $1368 Airbnb ROI: 0.87% Traditional ROI: 1.11%
515 Pine Ave Hill City, SD Feel the warmth of home, in this historic yet well-cared-for house located in the charming...	3 beds \| 2 baths \| 1,080 sq.ft.	$369,900	Airbnb cash on cash: 2.95% Traditional cash on cash: 2.22% Airbnb Rental Income: $2523 Traditional Rental Income: $1662 Airbnb ROI: 2.95% Traditional ROI: 2.22%
218 E Main St Hill City, SD Move in Ready with All Furnishings to Stay! A Perfect Nightly rental property! This cute c...	3 beds \| N/A baths \| 1,470 sq.ft.	$474,900	Airbnb cash on cash: 1.8% Traditional cash on cash: 1.87% Airbnb Rental Income: $2523 Traditional Rental Income: $1945 Airbnb ROI: 1.8% Traditional ROI: 1.87%
23391 J Range Ct Hill City, SD Country living at its finest! Take a peek at this Beautiful home situated on a hilltop wit...	3 beds \| 2 baths \| 2,900 sq.ft.	$730,000	Airbnb cash on cash: 1.19% Traditional cash on cash: 2.86% Airbnb Rental Income: $2523 Traditional Rental Income: $3050 Airbnb ROI: 1.19% Traditional ROI: 2.86%
11674 Brook Dr Hill City, SD Here it is! That dream home nestled in the center of the Gorgeous Black Hills. This is a...	3 beds \| 2 baths \| 2,240 sq.ft.	$649,900	Airbnb cash on cash: 1.17% Traditional cash on cash: 2.54% Airbnb Rental Income: $2523 Traditional Rental Income: $2740 Airbnb ROI: 1.17% Traditional ROI: 2.54%
23968 Thompson Dr Hill City, SD Contact Bobbi Ternes 605-390-1941 to schedule your private tour. Discover one-of-a-kind li...	3 beds \| 3 baths \| 3,023 sq.ft.	$1,874,900	Airbnb cash on cash: -0.74% Traditional cash on cash: 0.09% Airbnb Rental Income: $2523 Traditional Rental Income: $3359 Airbnb ROI: -0.74% Traditional ROI: 0.09%
12584 Mills Ranch Road Hill City, SD EXCEPTIONAL NEW CONSTRUCTION BARNDO on almost 6 acres, framed by an awe-inspiring Elkhorn ...	1 beds \| 1 baths \| N/A	$797,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 1.17% Airbnb Rental Income: $632 Traditional Rental Income: $1845 Airbnb ROI: -0.86% Traditional ROI: 1.17%
22734 S Rochford Rd Hill City, SD EXTRAORDINARY BLACK HILLS BEAUTY! This jaw-dropping home is bursting at the seams with ame...	4 beds \| 3 baths \| 3,900 sq.ft.	$1,299,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 0.94% Airbnb Rental Income: $2660 Traditional Rental Income: $3314 Airbnb ROI: -0.13% Traditional ROI: 0.94%
12584 Mills Ranch Rd Hill City, SD	1 beds \| 1 baths \| 1,152 sq.ft.	$777,000	Airbnb cash on cash: -1.96% Traditional cash on cash: -0.92% Airbnb Rental Income: $632 Traditional Rental Income: $1095 Airbnb ROI: -1.96% Traditional ROI: -0.92%
TBD Gillette Prairie Rd Hill City, SD	N/A beds \| N/A baths \| N/A	$299,900	Airbnb cash on cash: -0.25% Traditional cash on cash: 0.06% Airbnb Rental Income: $1031 Traditional Rental Income: $758 Airbnb ROI: -0.25% Traditional ROI: 0.06%
22625 N Rochford Rd Hill City, SD	3 beds \| 1 baths \| 1,617 sq.ft.	$775,000	Airbnb cash on cash: 0.22% Traditional cash on cash: -0.18% Airbnb Rental Income: $2523 Traditional Rental Income: $1622 Airbnb ROI: 0.22% Traditional ROI: -0.18%
12491 S Tall Pine Rd Hill City, SD	N/A beds \| N/A baths \| N/A	$399,900	Airbnb cash on cash: -0.76% Traditional cash on cash: -0.51% Airbnb Rental Income: $1031 Traditional Rental Income: $762 Airbnb ROI: -0.76% Traditional ROI: -0.51%
22625 Other Hill City, SD	3 beds \| 1 baths \| 1,617 sq.ft.	$775,000	Airbnb cash on cash: 0.22% Traditional cash on cash: -0.18% Airbnb Rental Income: $2523 Traditional Rental Income: $1622 Airbnb ROI: 0.22% Traditional ROI: -0.18%
Lot 6 & 7 Mineral Ln Hill City, SD	N/A beds \| N/A baths \| N/A	$310,000	Airbnb cash on cash: -0.32% Traditional cash on cash: -0.01% Airbnb Rental Income: $1031 Traditional Rental Income: $758 Airbnb ROI: -0.32% Traditional ROI: -0.01%
Blk 7 Lot 6 Other Hill City, SD	N/A beds \| N/A baths \| N/A	$175,000	Airbnb cash on cash: 1.17% Traditional cash on cash: 1.71% Airbnb Rental Income: $1031 Traditional Rental Income: $759 Airbnb ROI: 1.17% Traditional ROI: 1.71%
TBD Deerfield Rd Hill City, SD	N/A beds \| N/A baths \| N/A	$197,900	Airbnb cash on cash: 0.78% Traditional cash on cash: 1.54% Airbnb Rental Income: $1031 Traditional Rental Income: $813 Airbnb ROI: 0.78% Traditional ROI: 1.54%
23995 Towering Pines Ln Hill City, SD Incredible views surround this newly built modern ranch home, perfectly positioned on 2.65...	3 beds \| 2 baths \| 3,644 sq.ft.	$1,295,000	Airbnb cash on cash: -0.16% Traditional cash on cash: 0.72% Airbnb Rental Income: $2523 Traditional Rental Income: $2973 Airbnb ROI: -0.16% Traditional ROI: 0.72%
12099 Kaubisch Ranch Rd Hill City, SD	3 beds \| 2 baths \| 2,472 sq.ft.	$3,200,000	Airbnb cash on cash: -1.69% Traditional cash on cash: -1.55% Airbnb Rental Income: $2523 Traditional Rental Income: $2334 Airbnb ROI: -1.69% Traditional ROI: -1.55%
23970 Hwy 385 Hill City, SD	N/A beds \| N/A baths \| N/A	$1,745,000	Airbnb cash on cash: -1.95% Traditional cash on cash: -1.83% Airbnb Rental Income: $1031 Traditional Rental Income: $859 Airbnb ROI: -1.95% Traditional ROI: -1.83%
1000 Bette Matkins Ave Hill City, SD	N/A beds \| N/A baths \| N/A	$985,000	Airbnb cash on cash: -1.67% Traditional cash on cash: -1.47% Airbnb Rental Income: $1031 Traditional Rental Income: $859 Airbnb ROI: -1.67% Traditional ROI: -1.47%
23402 Mineral Ln Hill City, SD Equestrians don't miss this one. This extraordinary home offers spectacular sunrise/sunset...	3 beds \| 3 baths \| 3,440 sq.ft.	$769,000	Airbnb cash on cash: 0.24% Traditional cash on cash: 1.4% Airbnb Rental Income: $2523 Traditional Rental Income: $2747 Airbnb ROI: 0.24% Traditional ROI: 1.4%
11520 Melchert Pl Hill City, SD RARE BLACK HILLS GEM! Stunning 3.23-acre creekside property with a beautiful flowing strea...	N/A beds \| N/A baths \| 1,440 sq.ft.	$319,000	Airbnb cash on cash: -0.37% Traditional cash on cash: 3.12% Airbnb Rental Income: $1031 Traditional Rental Income: $1718 Airbnb ROI: -0.37% Traditional ROI: 3.12%
12099 Kaubisch Ranch Road Hill City, SD TRUE BLACK HILLS HIDDEN TREASURE! A beautiful place to hang your heart! This heirloom-qual...	3 beds \| 2 baths \| N/A	$3,200,000	Airbnb cash on cash: -0.67% Traditional cash on cash: -0.43% Airbnb Rental Income: $2523 Traditional Rental Income: $2620 Airbnb ROI: -0.67% Traditional ROI: -0.43%
23716 Burnt Fork Rd Hill City, SD Come take a peek at this gem near Hill City. This home has been extensively remodeled! Bea...	3 beds \| 2 baths \| 1,819 sq.ft.	$639,000	Airbnb cash on cash: 1.33% Traditional cash on cash: 2.46% Airbnb Rental Income: $2523 Traditional Rental Income: $2588 Airbnb ROI: 1.33% Traditional ROI: 2.46%
1060 Quinn Dr Hill City, SD	4 beds \| 3 baths \| 2,322 sq.ft.	$509,999	Airbnb cash on cash: 1.76% Traditional cash on cash: 3.81% Airbnb Rental Income: $2660 Traditional Rental Income: $3006 Airbnb ROI: 1.76% Traditional ROI: 3.81%
910 Top O' Hill Ave Hill City, SD	4 beds \| 3 baths \| 2,050 sq.ft.	$479,999	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.91% Airbnb Rental Income: $2660 Traditional Rental Income: $2881 Airbnb ROI: 2.01% Traditional ROI: 3.91%
11775 Prospect Rd Rd Hill City, SD	3 beds \| 2 baths \| 1,728 sq.ft.	$620,000	Airbnb cash on cash: 0.81% Traditional cash on cash: 1.34% Airbnb Rental Income: $2523 Traditional Rental Income: $2219 Airbnb ROI: 0.81% Traditional ROI: 1.34%
12662 Robins Roost Rd Hill City, SD	3 beds \| 2 baths \| 1,300 sq.ft.	$379,900	Airbnb cash on cash: 2.81% Traditional cash on cash: 2.72% Airbnb Rental Income: $2523 Traditional Rental Income: $1883 Airbnb ROI: 2.81% Traditional ROI: 2.72%
TBD Deadbroke Rd Hill City, SD	N/A beds \| N/A baths \| N/A	$219,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 1.44% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 0.49% Traditional ROI: 1.44%
Lots 6 & 7 Mineral Ln Hill City, SD	N/A beds \| N/A baths \| N/A	$310,000	Airbnb cash on cash: -0.32% Traditional cash on cash: 0.36% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: -0.32% Traditional ROI: 0.36%
12560 Old Hill City Rd Hill City, SD Carefree main-floor living in this energy-efficient burm home on just under 8 acres with N...	2 beds \| 1 baths \| 1,040 sq.ft.	$695,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 0.86% Airbnb Rental Income: $1762 Traditional Rental Income: $1637 Airbnb ROI: 0.3% Traditional ROI: 0.86%
352 Pine Mountain Ave Hill City, SD	2 beds \| N/A baths \| 1,240 sq.ft.	$424,900	Airbnb cash on cash: 0.68% Traditional cash on cash: 1.27% Airbnb Rental Income: $1762 Traditional Rental Income: $1513 Airbnb ROI: 0.68% Traditional ROI: 1.27%
118 Minor Lake Cir Hill City, SD	N/A beds \| N/A baths \| N/A	$140,000	Airbnb cash on cash: 2.01% Traditional cash on cash: 3.49% Airbnb Rental Income: $1031 Traditional Rental Income: $869 Airbnb ROI: 2.01% Traditional ROI: 3.49%
1 McVey Rd Lot 1 Hill City, SD	N/A beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 1.89% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 0.83% Traditional ROI: 1.89%
5 McVey Rd Lot 5 Hill City, SD	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 0.99% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 0.15% Traditional ROI: 0.99%
Lot 5 McVey Rd Hill City Hill City, SD	N/A beds \| N/A baths \| N/A	$250,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 0.99% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 0.15% Traditional ROI: 0.99%
Lot 1 McVey Rd Hill City Hill City, SD	N/A beds \| N/A baths \| N/A	$195,000	Airbnb cash on cash: 0.83% Traditional cash on cash: 1.89% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 0.83% Traditional ROI: 1.89%
530 Deegan Dr Hill City, SD	4 beds \| 2 baths \| 1,776 sq.ft.	$390,000	Airbnb cash on cash: 2.99% Traditional cash on cash: 3.74% Airbnb Rental Income: $2660 Traditional Rental Income: $2300 Airbnb ROI: 2.99% Traditional ROI: 3.74%
Blk 6 19 Lot 19 Hill City, SD	N/A beds \| N/A baths \| N/A	$165,000	Airbnb cash on cash: 1.38% Traditional cash on cash: 2.64% Airbnb Rental Income: $1031 Traditional Rental Income: $868 Airbnb ROI: 1.38% Traditional ROI: 2.64%

Real Estate investment in Hill-city, SD

There are 62 properties for sale in the city of Hill City . The median list price in Hill City is $904,459 and the average price per square foot is $476. In October 2026, the average monthly cash on cash return in Hill City is 2.00%. The average monthly rental income in Hill City is $1,368.

Hill-city, SD Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 62 investment properties available for sale in Hill-city.

In 2026, the best neighborhood to buy investment property is Hill City.

The ROI for Long-Term is higher than the Short-Term in Hill-city with average rental income of $1,368.

Your search for investment property begins and ends here

Investment Property for Sale in Hill City, SD

11321 Gillette Prairie Rd

Hill City, SD

3 beds | 2 baths | 2,240 sq.ft.

$172,750

Airbnb cash on cash: 8.77%

Traditional cash on cash: 10.72%

Airbnb Rental Income: $2523

Traditional Rental Income: $2235

Airbnb ROI: 8.77%

Traditional ROI: 10.72%

12490 Old Hill City Rd

Hill City, SD

2 beds | 1 baths | 820 sq.ft.

$399,000

Airbnb cash on cash: 0.87%

Traditional cash on cash: 1.11%

Airbnb Rental Income: $1762

Traditional Rental Income: $1368

Airbnb ROI: 0.87%

Traditional ROI: 1.11%

515 Pine Ave

Hill City, SD

3 beds | 2 baths | 1,080 sq.ft.

$369,900

Airbnb cash on cash: 2.95%

Traditional cash on cash: 2.22%

Airbnb Rental Income: $2523

Traditional Rental Income: $1662

Airbnb ROI: 2.95%

Traditional ROI: 2.22%

218 E Main St

Hill City, SD

3 beds | N/A baths | 1,470 sq.ft.

$474,900

Airbnb cash on cash: 1.8%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $2523

Traditional Rental Income: $1945

Airbnb ROI: 1.8%

Traditional ROI: 1.87%

23391 J Range Ct

Hill City, SD

3 beds | 2 baths | 2,900 sq.ft.

$730,000

Airbnb cash on cash: 1.19%

Traditional cash on cash: 2.86%

Airbnb Rental Income: $2523

Traditional Rental Income: $3050

Airbnb ROI: 1.19%

Traditional ROI: 2.86%

11674 Brook Dr

Hill City, SD

3 beds | 2 baths | 2,240 sq.ft.

$649,900

Airbnb cash on cash: 1.17%

Traditional cash on cash: 2.54%

Airbnb Rental Income: $2523

Traditional Rental Income: $2740

Airbnb ROI: 1.17%

Traditional ROI: 2.54%

23968 Thompson Dr

Hill City, SD

3 beds | 3 baths | 3,023 sq.ft.

$1,874,900

Airbnb cash on cash: -0.74%

Traditional cash on cash: 0.09%

Airbnb Rental Income: $2523

Traditional Rental Income: $3359

Airbnb ROI: -0.74%

Traditional ROI: 0.09%

12584 Mills Ranch Road

Hill City, SD

1 beds | 1 baths | N/A

$797,000

Airbnb cash on cash: -0.86%

Traditional cash on cash: 1.17%

Airbnb Rental Income: $632

Traditional Rental Income: $1845

Airbnb ROI: -0.86%