Location: Roberts County, SD | Metro: Big Stone County, MN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
ZIP code 56219, located within the Roberts County, SD metro area, exhibits distinct characteristics that set it apart from other ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 56219 is set at $1,320 for the fiscal year 2026, which is notably higher than the current market rent of $633. This indicates that the rental market in 56219 might be undervalued compared to what the government deems fair for the area.
The median home value in ZIP 56219 stands at $129,414, which is relatively low when considering the FMR and the potential for appreciation in a growing metro area. Additionally, the renter share in this ZIP code is 17.7%, a figure that could suggest a significant portion of residents rely on rental assistance programs such as Section 8.
Based on these figures, ZIP 56219 can be considered a value pocket within the Roberts County, SD metro. The disparity between the FMR and the actual market rent, coupled with the below-average home values, creates an opportunity for landlords and small-portfolio investors who are willing to navigate the complexities of Section 8 tenancy. The higher-than-average renter share further supports this classification, as it often signifies a concentration of tenants who qualify for housing subsidies, making it an attractive location for those looking to secure stable rental income through government assistance programs.
To summarize, the combination of a lower market rent and median home value, along with a higher renter share, positions ZIP 56219 as a valuable investment opportunity for those interested in Section 8 properties within the Roberts County, SD metro area.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.