Location: Jerauld County, SD | Metro: Buffalo County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
ZIP code 57341, located within the Jerauld County, SD metro, has a Federal Market Rent (FMR) of $980 for fiscal year 2026. This figure is critical for understanding how it compares to other ZIP codes within the county. Given that the market rent and home values for ZIP 57341 are not available, we must rely on the FMR and the 18.5% renter share to draw conclusions.
The FMR of $980 can be seen as an indicator of affordable housing within the metro area. However, without knowing the specific FMRs of other ZIP codes in Jerauld County, it's challenging to definitively categorize 57341 as a value pocket, a mid-tier neighborhood, or a premium sub-market. The 18.5% renter share suggests a notable portion of residents are renters, which is relevant for landlords and small-portfolio investors.
A high renter share combined with a lower FMR could indicate a potential sweet spot for Section 8 investments. This scenario typically means that there is a significant number of tenants who qualify for subsidized housing, making properties in this ZIP code attractive to those seeking stable rental income through government assistance programs. However, the lack of market rent and home value data prevents a comprehensive analysis.
To make a more informed decision, landlords and small-portfolio investors should consider additional factors such as the availability of Section 8 vouchers, local employment trends, and the overall economic health of Jerauld County. These elements will provide a clearer picture of the investment potential within ZIP 57341.
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.