Location: Day 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 |
U.S. Census Bureau data (2024)
The classification of ZIP code 57445 hinges on its yield and stability metrics, which reveal a mixed picture for potential real estate investments.
On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020, slightly above the market rate of $1,015. This indicates a modest edge in rental pricing over typical market conditions, which could be beneficial for landlords seeking higher returns. However, the median home value stands at $237,554, suggesting that the capital investment required to enter this market is substantial. For an investor looking to maximize cash-on-cash returns through rental income, the FMR advantage is a positive sign, albeit a marginal one.
Regarding stability, the ZIP code shows that 23.2% of residents are renters, indicating a moderate demand for rental properties. The lack of available data on days on market (DOM) makes it challenging to assess how quickly properties can be turned over, but the average household income of $84,948 suggests that tenants have a reasonable ability to pay rent consistently. This figure is crucial as it implies a stable tenant base capable of sustaining regular rental payments.
Given these factors, ZIP 57445 does not clearly fall into either a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it represents a middle ground where the potential for yield is present but limited by the relatively high home values. Stability is indicated by the income levels, but the low percentage of renters and unknown DOM data introduce some uncertainty about the market's fluidity and the ease of finding tenants.
To summarize, the ZIP code offers a balanced opportunity. Landlords and small-portfolio investors should expect a modest increase in rental yields compared to the broader market, but they must also be prepared for a more stable, yet potentially slower-moving market environment. The investment would likely perform better in a buy-and-hold strategy rather than a quick turnaround scenario.
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.