Location: Beadle County, SD | Metro: Beadle County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The Section 8 market in ZIP code 57384, located in Beadle County, South Dakota, presents a unique opportunity for real estate investors. The HUD Fair Market Rent (FMR) for the area is set at $930 per month for the fiscal year 2026, which is significantly higher than the market rent of $723 based on recent Census American Community Survey (ACS) data. This disparity means that voucher tenants can generally provide positive cash flow to landlords and small-portfolio investors at the HUD FMR rate.
To further analyze the investment potential, consider the rent-to-price ratio. Given that the median home value is listed as N/A, it's challenging to calculate an exact figure. However, the higher FMR compared to the market rent suggests that rental properties are undervalued relative to their potential income under the Section 8 program. This undervaluation can lead to strong cash flow opportunities for investors who can secure Section 8 vouchers for their units.
The dynamics of days on market (DOM) and the percentage of price cuts are also relevant but listed as N/A. Despite this lack of data, the fact remains that voucher tenants paying at the HUD FMR rate will likely cover costs and provide a margin above the current market rent. This makes the strongest investor angle in ZIP 57384 the potential for significant cash flow, particularly when compared to the lower market rents currently prevailing in the area.
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.