Location: Beadle County, SD | Metro: Beadle County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The ZIP code 57379 stands out due to its unique characteristics. With only 120 residents, it has a very low population density, making it one of the smallest ZIP codes in terms of housing units. The rental rate at 6.1% is also notably low, indicating that most of the residents likely own their homes. However, the median income of $107,031 suggests a relatively affluent community despite the lack of data on median home values.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,040. This figure represents the maximum amount that landlords can charge for rent under the Section 8 program. Notably, there is no available data on the market rent or the number of voucher holders in ZIP 57379, which means that landlords cannot rely on these figures to make informed decisions about participation in the program.
The data signature for ZIP 57379 reads as stable. The high median income without corresponding median home value data implies a potentially strong local economy, but also highlights the need for more detailed housing market information to fully assess the potential benefits for landlords participating in the Section 8 program. Given the limited number of renters, landlords should carefully consider the demand for subsidized housing before committing to the program.
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.