Section 8 Fair Market Rent (FMR) for ZIP 57259 - 2027

Location: Grant County, SD | Metro: Deuel County, SD

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$860
2 Bedrooms	$1,090
3 Bedrooms	$1,400
4 Bedrooms	$1,720
5 Bedrooms	$1,995
6 Bedrooms	$2,234
7 Bedrooms	$2,413
8 Bedrooms	$2,534

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

477

Median Household Income

$80,250

Housing Units

220

Renter Percentage

3.3%

Occupancy Rate

95.5%

Renter Occupied

ZIP code 57259, located in South Dakota, is a rural area that offers a unique set of challenges and opportunities for landlords and small-portfolio investors. The housing market here reflects the broader economic conditions of the region, with specific metrics providing insights into potential rental investments.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is $930.
The median home value in the area is currently N/A, indicating limited data on home sales.
Renters make up only 3.3% of the population, suggesting a preference for homeownership over renting.
The median income of residents in ZIP 57259 is $80,250, which can influence the affordability of rents.
The days on market (DOM) for rental properties is N/A, implying a lack of recent activity or data in the rental market.
Market rent data for the area is also N/A, making it difficult to gauge current rental rates without further investigation.

Investors considering the ZIP code 57259 should note the low renter share, which suggests a need to attract tenants through competitive pricing or amenities. The median income figure indicates that there is a stable economic base, but the limited data on median home values and market rents means that due diligence will be necessary to understand local market dynamics. Given the FMR of $930, setting rents below this level could help attract tenants, while the high median income may support higher rents if the property meets quality expectations. Overall, the area presents a niche opportunity for those willing to invest in understanding the local rental market and targeting the specific needs of potential renters in a predominantly homeowner-focused community.

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.