Section 8 Fair Market Rent (FMR) for ZIP 57076 - 2027

Location: Miner County, SD | Metro: Lake County, SD

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$860
2 Bedrooms	$1,080
3 Bedrooms	$1,380
4 Bedrooms	$1,770
5 Bedrooms	$2,053
6 Bedrooms	$2,299
7 Bedrooms	$2,483
8 Bedrooms	$2,607

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

325

Median Household Income

$118,281

Housing Units

125

Renter Percentage

23.2%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 57076, located in Miner County, South Dakota, offers a unique opportunity for real estate investors due to its demographic and economic characteristics.

The Fair Market Rent (FMR) for ZIP 57076 is set at $960 for the fiscal year 2026.
The market rent, based on recent Census data, is $909, indicating a slight premium for FMR properties.
The median household income is $118,281, which is significantly higher than both the state ($75,081) and national averages ($80,734).
Renters make up 23.2% of the population, suggesting a strong preference for homeownership among residents.
The mean travel time to work is 13.1 minutes, which is notably lower than the national average of 26.4 minutes.

Given the robust median household income and the relatively low cost of living, landlords and small-portfolio investors can expect steady demand for rental properties. The high FMR suggests that rental properties could be priced competitively, while the strong income levels indicate that tenants would likely have the financial stability to meet these rents. However, the significant homeowner preference means that rental opportunities might be limited compared to areas with a larger renter share. Overall, the area presents a balanced investment environment with potential for long-term stability and growth.

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.