Location: Roberts County, SD | Metro: Codington County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
13.6% of residents in ZIP code 57256 are renters, indicating a modest demand for rental properties in the area. However, the $1,010 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that rental prices could be competitive for those seeking to participate in the housing market through Section 8 contracts. Despite the lack of specific data on market rents and median home values, the $66,500 median income provides insight into the financial capacity of local residents. This figure, while not exceptionally high, supports the viability of properties priced at or near the FMR threshold. The absence of data on days on market (DOM) and the percentage of price-cut shares leaves some uncertainty regarding the speed of property turnover and the frequency of price adjustments, which are critical factors for small-portfolio investors. Nonetheless, the combination of a reasonable renter share and an attainable FMR makes ZIP 57256 a candidate for Section 8 participation. Investors should carefully consider the local rental market dynamics and the potential for stable, long-term returns. Given the available data, ZIP 57256 presents a balanced opportunity for Section 8 involvement.
Section 8 Verdict: With a 13.6% renter share and a $1,010 FMR, ZIP 57256 offers a moderate opportunity for Section 8 landlords and small-portfolio investors.
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.