Location: Jerauld County, SD | Metro: Aurora County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 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 real estate landscape in ZIP code 57382 is poised for a period of stability and potential growth over the next 12-24 months, based on key indicators such as the median home value and rental market dynamics.
A median home value of $262,198 suggests that homes in this area are currently priced at a level reflective of their market value. The fact that a significant percentage of listings have been reduced, though the exact figure is not available, indicates a competitive market where sellers are adjusting their prices to match buyer expectations. This signals that buyers have considerable leverage when negotiating prices, which could continue as long as supply remains higher than demand.
The median days on market (DOM) being N/A implies that either the data is incomplete or there is no significant trend to report regarding how quickly homes are selling. However, in conjunction with the other data points, it's reasonable to infer that the market is moving at a steady pace without extreme fluctuations.
Moving to the rental side, the Federal Market Rent (FMR) for the metro area is projected to be $930 in fiscal year 2026, while the current market rate is $560 according to Census ACS data. This wide gap between the projected FMR and the actual market rate suggests strong potential for rental income growth. Landlords and small-portfolio investors can expect rental rates to rise as the market adjusts to meet the projected FMR levels.
For long-term hold investors, the setup in ZIP 57382 offers a realistic appreciation thesis. With the current median home value and the expected increase in rental rates, property values are likely to appreciate as the area becomes more attractive to both renters and buyers. The combination of stable home prices and rising rental rates creates an environment where real estate investments can grow in value over time, making it a favorable location for those looking to build equity and generate income through property ownership.
In summary, the median home value, competitive pricing dynamics, and the disparity between current and future rental rates all point towards a market in ZIP 57382 that will provide opportunities for both price stabilization and gradual appreciation. This makes it a solid choice for investors focused on long-term gains.
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.