Location: Deuel County, SD | Metro: Brookings County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 57213 has a population of 505 residents, with 15.9% of them being renters. This indicates that it is not a heavily populated area for renters, suggesting that the demand for rental properties using Section 8 vouchers might be limited. The median household income in this area stands at $81,932, which provides context for understanding the financial capacity of potential tenants.
A typical market rent of $725 consumes approximately 8.8% of the median household income when calculated directly. However, comparing the market rent to the Fair Market Rent (FMR) of $1,110, which is set for FY 2026 in the metro area, shows that the market rent is below the FMR threshold. This suggests that landlords in ZIP 57213 could potentially charge higher rents without exceeding the FMR limit.
The expected tenant profile for landlords in this ZIP would be individuals or families who qualify for Section 8 vouchers due to lower income levels relative to the median. These tenants would likely have an annual income around $30,000 to $40,000, which is typical for those who receive housing assistance. Landlords should anticipate working with tenants who require financial support to cover their housing costs and ensure they meet the eligibility criteria for the Section 8 program.
Given the low percentage of renters and the relatively high median income, landlords in ZIP 57213 should focus on maintaining properties that attract both voucher holders and other low-income renters. While the voucher demand is present, it is not overwhelming, allowing for a mix of tenant types. However, landlords must be prepared to manage the administrative aspects of the Section 8 program, including regular inspections and compliance with HUD standards.
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.