Location: Yankton County, SD | Metro: Yankton County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 57078 stands out due to its unique demographic and economic characteristics. With a population of 20,383 residents, it has a significant rental market share at 29.3%. The median income in this area is $71,268, while the median home value is notably higher at $270,845. This combination suggests a mix of middle-class homeowners and renters, which can be indicative of a diverse local economy.
Moving into the specifics of Section 8 housing, the Federal Market Rent (FMR) for fiscal year 2026 is set at $930. In contrast, the current market rent, based on Census ACS data, is $788. This means that landlords participating in the Section 8 program can expect a higher rental income compared to the typical market rates. The gap between the FMR and the market rate is a positive indicator for landlords, as it allows them to maintain or slightly increase their rental rates while still being affordable for tenants with vouchers.
The data signature for ZIP 57078 reads as stable. The relatively high median home value alongside a substantial rental market suggests a balanced residential environment where both homeownership and rental options are viable. Additionally, the median income level supports a healthy economic base, which is crucial for sustaining a steady demand for rental properties. Given these factors, landlords and small-portfolio investors can anticipate consistent performance in this ZIP code, making it an attractive location for those interested in the Section 8 housing program.
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.