Section 8 Fair Market Rent (FMR) for ZIP 57467 - 2027

Location: Hand County, SD | Metro: Faulk County, SD

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$750
1 Bedroom	$850
2 Bedrooms	$1,080
3 Bedrooms	$1,410
4 Bedrooms	$1,710
5 Bedrooms	$1,984
6 Bedrooms	$2,222
7 Bedrooms	$2,400
8 Bedrooms	$2,520

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

410

Median Household Income

$59,063

Housing Units

161

Renter Percentage

13.0%

Occupancy Rate

81.4%

Renter Occupied

The town located in ZIP code 57467 is a part of a smaller metropolitan area, known for its quiet residential neighborhoods and proximity to rural landscapes. This setting attracts a mix of families and retirees, creating a stable demand for housing. The following points provide a detailed snapshot of the current real estate market conditions in this area.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metro area for fiscal year 2026 is set at $980, indicating a moderate rental market that is neither booming nor struggling.
The market rent for properties in ZIP 57467 is currently unavailable, suggesting limited recent activity or a lack of comprehensive data on current rental prices.
The median home value in this ZIP code is also not available, which might imply a lack of sufficient sales data to establish a reliable average price for homes.
Renters make up 13.0% of the housing market, reflecting a predominantly owner-occupied community but with a steady rental segment.
The Days on Market (DOM) statistic is not available, making it difficult to assess how quickly properties are selling or renting in this area.
The median household income is $59,063, providing insight into the economic stability and purchasing power of the residents, which supports a consistent demand for housing.

Investors looking to enter the real estate market in ZIP 57467 should be aware of the moderate rental expectations and the limited availability of recent market data. The relatively low percentage of renters suggests a focus on homeownership, while the median income figure indicates a middle-class community capable of sustaining property values. Given the lack of specific market rent and median home value data, due diligence through local real estate agents or additional research will be necessary to fully understand the investment potential. Overall, the area offers a stable environment with opportunities for long-term investment, particularly in rental properties where the FMR provides a benchmark for pricing.

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.