Location: Kingsbury County, SD | Metro: Clark County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 57221 stands out due to its relatively low population of 1,158 residents, where 22.3% of the households rent their homes. The median income in this area is $73,988, which is quite healthy, but the median home value is notably higher at $283,559, indicating a strong preference for homeownership among those who can afford it.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. This is only a slight increase from the current market rate of $925, as reported by the Census Bureau's American Community Survey (ACS). The proximity of these figures suggests that landlords in ZIP 57221 will find the rental amounts through Section 8 vouchers to be competitive with the local market rates.
Given the data available, ZIP 57221 presents a stable environment for real estate investment. The slight rise in FMR aligns closely with the market rate, ensuring that landlords receive a fair amount for their properties without significant fluctuations. Additionally, the high median home value indicates a robust local economy, which supports the stability of the housing market. For small-portfolio investors and landlords looking to enter the Section 8 market, ZIP 57221 offers a predictable and steady landscape for property management and rental income.
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.