Location: Roberts County, SD | Metro: Marshall County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The ZIP code 57270 is primarily a renter-heavy area, with 25.6% of its population renting their homes. This percentage indicates a significant demand for rental properties, suggesting that landlords can find a substantial number of potential tenants interested in renting. Given the median household income of $77,708, the average market rent of $713 per month represents a modest portion of the local income.
To be precise, the monthly rent at $713 consumes approximately 9.2% of the median annual income when calculated on an annual basis. This is a relatively low figure, indicating that the majority of residents could afford the rent without financial strain. However, it's important to note the comparison with the Fair Market Rent (FMR) of $930, which is set for FY 2026 in the metro area. The FMR is higher than the current market rent, suggesting that there might be a segment of the population relying on housing vouchers to cover the difference.
The disparity between the market rent and the FMR highlights the potential for Section 8 vouchers to play a significant role in the rental market of ZIP 57270. With vouchers covering up to $930 per month, tenants who might otherwise struggle to afford the higher FMR rates can still secure housing at the lower market rate of $713. This makes the ZIP code attractive for landlords who accept Section 8 vouchers, as they can attract tenants who are financially supported to pay the rent.
A landlord in ZIP 57270 should expect a tenant profile that includes individuals and families who are likely to benefit from housing assistance programs such as Section 8. These tenants will have a verifiable income source and will be able to provide a consistent rental payment through their vouchers. The presence of vouchers also means that landlords can attract tenants from various income brackets, ensuring a steady stream of potential occupants for their properties.
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.