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 ZIP code 57446 has a population of 223 individuals, with only 5.2% identified as renters. This indicates that the area is predominantly homeowner-dominated rather than a renter-heavy zone. Given the median household income of $44,375, it's crucial to understand how this compares to the rental market.
Unfortunately, the specific market rent for this area is not provided, but we can infer from the Federal Market Rent (FMR) which stands at $930 for fiscal year 2026 in the metropolitan area. Assuming the local market rent is similar to the FMR, we can calculate that typical rent would consume approximately 21% of the median household income. This is derived by dividing the FMR by the median income and multiplying by 100: ($930 / $44,375) * 100 = 21%. This percentage suggests that while rent is a significant portion of income, it remains manageable for most households.
The scarcity of vouchers in this area, due to the low percentage of renters, means that landlords should not expect a high volume of Section 8 tenants. The tenant profile will likely consist of individuals who have a mix of income sources and may rely on housing vouchers to supplement their housing costs. Landlords should prepare for tenants who may require assistance in managing rent payments and be ready to work closely with the local housing authority to ensure compliance with Section 8 regulations.
In summary, ZIP 57446 is not a prime location for Section 8 tenants due to its low renter population and limited voucher availability. However, for those interested in attracting tenants who use housing vouchers, the area's median income supports a manageable rent-to-income ratio of about 21%, based on the FMR of $930. This ratio aligns well with federal guidelines, making it a viable option for landlords willing to participate in the Section 8 program.
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.