Location: Brown County, SD | Metro: Brown County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The FMR serves as a benchmark for rental prices, ensuring that landlords receive a fair amount for their properties. However, in ZIP 57433, the median home value and market-specific rental data are not available, indicating that the local real estate market may not be robust enough to support higher rents outside of the FMR guidelines. Therefore, relying on the FMR of $930 ensures steady and predictable cash flow, making it an ideal choice for landlords seeking stable income.
This ZIP code also has a low renter share at 1.1%, suggesting that the majority of residents are homeowners. With a median income of $50,417, many potential renters may struggle to afford higher-than-FMR rents, further supporting the use of Section 8 vouchers to secure reliable tenants and maintain consistent rental income.
In summary, ZIP 57433 should be considered a cash-flow anchor in a Section 8 portfolio strategy, given the reliance on FMR guidelines and the potential challenges in finding high-paying renters. This approach ensures stability and predictability in rental income, aligning well with the needs of landlords and small-portfolio investors.
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.