Location: Moody County, SD | Metro: Lake County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 57075 reveals a unique blend of yield and stability that makes it an interesting market for real estate investors. On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, while the actual market rent stands at $733. This indicates a lower-than-average rental income potential compared to the broader metro area. However, the median home value of $486,965 suggests a relatively high investment cost, which could limit the overall yield.
Moving to the stability axis, the data shows that only 9.5% of the residents are renters, which is a low percentage. The lack of data on days on market (DOM) suggests either a very stable rental market where properties are quickly rented out, or possibly a less active rental market. Additionally, the median household income of $106,763 provides a strong financial base for the area, indicating that tenants are likely to be financially stable and able to meet their rental obligations consistently.
Given these figures, ZIP 57075 does not fit neatly into the high-yield/low-stability flip-style market category. Instead, it leans towards being a steady-cashflow zone due to the relatively high median income supporting financial stability among renters. While the rental income is lower than the FMR, the higher median home value and the strong financial standing of the residents make it a safer bet for long-term investments rather than quick flips.
To summarize, the primary factors driving this classification are the lower market rent of $733 against the FMR of $930, the median home value of $486,965, and the median household income of $106,763. These elements combine to suggest a market that offers moderate yields but with a higher level of stability, making it suitable for investors looking for consistent cash flows over time.
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.