Location: Day County, SD | Metro: Brown County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The ZIP code 57422 is not heavily dominated by renters, with only 22.0% of the population renting their homes. This suggests that the area is primarily a homeowner-dominated region. The median household income stands at $88,125, which is relatively high compared to the national average. However, since market rent data is not available, we can infer the potential impact of rental assistance vouchers on the local rental market by comparing the median income to the Fair Market Rent (FMR).
The FMR for the metro area, as of fiscal year 2026, is set at $980. Given the median income, typical rent would consume a smaller portion of the local income, indicating that many residents could afford rent without assistance. Yet, the presence of Section 8 vouchers could still be significant for those who fall below the median income level.
A landlord in ZIP 57422 should anticipate a tenant pool that includes individuals and families who might benefit from rental assistance programs. These tenants would likely have an income level closer to the poverty line, making the $980 FMR a critical benchmark for affordability. Landlords should prepare to attract tenants whose incomes are subsidized by vouchers, ensuring that their properties meet the necessary standards for participation in such programs.
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.