Location: Potter County, SD | Metro: Potter County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP 57455, located in Potter County, SD, reveals several key insights. The HUD Fair Market Rent (FMR) for the metro area, effective in fiscal year 2026, is set at $1,070. This figure is crucial for understanding the financial landscape for landlords and small-portfolio investors.
Average market rents in ZIP 57455 are notably lower, with some sources indicating typical monthly housing costs for renter households under $200, including utilities. Given the HUD FMR of $1,070, voucher tenants in this ZIP code can cashflow comfortably, even in units priced at the FMR. The low market rents suggest that properties in this area can be rented profitably without relying on premium units.
The median home value in ZIP 57455 is $73,300, which is significantly below both the state average and the national average. This low median home value creates an interesting rent-to-price ratio. However, it's important to note that the extreme disparity between median home values and market rents indicates a strong preference for renting over buying in this area.
Regarding days on market (DOM), the data is currently unavailable. Similarly, there is no information available on the percentage of price cuts in this ZIP code. Nonetheless, the low median home values and high vacancy rates indicate that the rental market is robust relative to the purchase market.
The strongest investor angle in ZIP 57455 is likely to be cashflow, given the substantial gap between the HUD FMR and actual market rents. Investors can expect to generate steady income from properties rented to voucher tenants without facing significant competition from homeownership opportunities.
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.