Location: Brown County, SD | Metro: Brown County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
1,020 is the Fair Market Rent (FMR) for the metro area encompassing ZIP 57439 for fiscal year 2026. This figure is crucial for landlords participating in the Section 8 program, as it dictates the maximum rental amount that can be charged for a unit of a given size. For instance, a two-bedroom apartment cannot exceed this amount to remain compliant with the program's guidelines. Despite the absence of specific data on market rent, median home value, and other metrics, the FMR serves as a reliable benchmark for assessing the viability of Section 8 properties in this region.
With 1,020 being the FMR, landlords must ensure their rental properties meet the necessary standards set by HUD to qualify for the program. These standards include but are not limited to, safety, habitability, and accessibility requirements. Additionally, the lack of information regarding the percentage of renters and median income does not diminish the importance of the FMR, which remains the key determinant for rental rates under Section 8.
The data also lacks specifics on the days on market (DOM) and the percentage of listings that have been price-cut, indicating a possible scarcity of recent transactions or listings available for analysis. However, the FMR provides a consistent reference point for rental pricing, which is particularly useful in areas where market data is sparse or unreliable.
To summarize, landlords in ZIP 57439 should focus on the 1,020 FMR for fiscal year 2026 when considering participation in the Section 8 program. This figure will guide the pricing of their rental units, ensuring compliance with HUD regulations and providing a stable source of income. The absence of other specific data points should not deter investment decisions, as the FMR alone offers valuable insights into the local rental market dynamics.
Section 8 Verdict: Viable for landlords adhering to HUD standards.Data Sources: FMR data from HUD (2027).
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.