Location: Kingsbury County, SD | Metro: Beadle County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
U.S. Census Bureau data (2024)
ZIP code 57353, located in Kingsbury County, South Dakota, presents an opportunity for Section 8 landlords and small-portfolio investors seeking a cash-flow anchor. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure is significantly higher than the current market rent of $541, providing a strong positive spread that ensures stable and above-market rental income.
The substantial difference between the FMR and the market rent means that landlords can rely on steady cash flow without the need to compete with lower-priced market rents. This makes ZIP 57353 ideal for those looking to secure a portion of their portfolio with guaranteed income streams. However, it's important to note that the median home value is not available, which limits insights into broader housing trends but does not affect the immediate cash flow benefits of Section 8 rentals.
While appreciation potential is not quantifiable due to missing data points such as the percentage price-cut share and days on market (DOM), the primary focus for this ZIP code should be on its role as a cash-flow anchor. The high FMR compared to the local market rent ensures that landlords receive consistent and reliable income, which is crucial for maintaining financial stability in a portfolio.
The 18.1% renter share indicates that there is a notable portion of the population renting, which aligns well with the availability of Section 8 vouchers. Additionally, the median income of $75,625 suggests that residents have sufficient earnings to cover other living expenses, reducing the risk of non-payment or delinquency. This ZIP code is therefore best suited for investors who prioritize security and predictability in their rental income over rapid property value appreciation.
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.