Location: Sanborn County, SD | Metro: Miner County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
U.S. Census Bureau data (2024)
The ZIP code 57337, located in Sanborn County, South Dakota, serves as a valuable component within a Section 8 portfolio strategy. Given the lack of specific market data for this area, we can infer its role based on broader regional trends and the characteristics of Section 8 investments.
ZIP 57337 as a Diversifier: With a renter share of 23.9%, ZIP 57337 aligns well as a diversifier within a Section 8 portfolio. The median income of $75,197 suggests a stable tenant base capable of meeting their financial obligations, including rent payments. However, the absence of detailed market data such as median home values and price-cut shares limits a comprehensive assessment of appreciation potential.
Despite these limitations, the ZIP code stands out as a reliable source for steady cash flow due to its significant renter population. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,060, which provides a benchmark for rental pricing. Landlords and small-portfolio investors can leverage this figure to ensure their rental units remain competitive and profitable.
Incorporating ZIP 57337 into a diversified portfolio helps mitigate risks associated with overreliance on any single market. Its stable income levels and established renter community offer a solid foundation for long-term investment. While appreciation plays might be less evident here compared to more dynamic markets, the focus on maintaining positive cash flow through consistent rental income is a prudent strategy.
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.