Location: Roberts County, SD | Metro: Grant County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
The ZIP code 57269 represents a small, primarily owner-occupied neighborhood with a total population of 186 residents. Only 3.9% of the residents are renters, indicating a predominantly homeowner community. The median household income in this area is relatively high at $98,333, suggesting that most residents have a comfortable financial standing. However, the median home value is not available, which makes it challenging to assess the overall property values in the region.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 57269 as of the fiscal year 2026 is set at $940. This figure is crucial for Section 8 landlords and investors as it determines the maximum allowable rent for properties participating in the program. Unfortunately, specific data regarding the market rent for the area is unavailable, making it difficult to compare the FMR against typical market rates.
Given the low percentage of renters and the limited data on market rents, ZIP 57269 may not be an ideal location for hands-off voucher operators looking for areas with a higher concentration of potential tenants. The small size of the ZIP code and the scarcity of rental units suggest that there might be fewer opportunities for passive rental income through the Section 8 program.
On the other hand, for hands-on value-add buyers who are willing to engage actively in improving and managing their properties, this ZIP code could present unique opportunities. The high median income indicates that there is potential for properties to appreciate in value over time, especially if they are well-maintained and strategically positioned within the community. Additionally, the limited number of rental units means that there is less competition, which could allow for better control over tenant selection and property management practices.
In conclusion, while ZIP 57269 has some attractive features such as a high median income, its suitability for Section 8 investment largely depends on the type of investor. Hands-off operators might find the lack of renters and limited market data challenging, whereas hands-on investors could leverage the unique characteristics of the area to create a valuable and profitable portfolio.
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.