Location: Day County, SD | Metro: Day County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 57468 reveals a favorable environment for those seeking stable cash flows. The HUD Fair Market Rent (FMR) for the area is set at $930 per month for FY 2026, which is significantly higher than the current market rent of $756 as reported by the Census ACS.
This discrepancy means that voucher tenants in ZIP 57468 will generally cashflow at the HUD FMR rate. Landlords can expect to see positive cash flow without the need for premium units, which simplifies the investment strategy. The higher FMR compared to market rents suggests that voucher holders can cover the rent for standard units, making it easier for investors to manage a diverse portfolio without extensive renovations or upgrades.
The median home value is listed as N/A, indicating that there is insufficient data to calculate a precise rent-to-price ratio. However, the lack of a median home value does not detract from the strong cash flow potential available through renting to voucher tenants. With the current market conditions, the focus should remain on the rental income rather than speculative home values.
The median Days on Market (DOM) and the percentage of price cuts are also listed as N/A, which might imply a relatively stable housing market where neither buying nor selling dynamics are particularly volatile. This stability can be beneficial for investors who prefer consistent returns over the potential risks associated with fluctuating home values or rental rates.
The strongest angle for investors in ZIP 57468 is cashflow. Given the disparity between the HUD FMR and the market rent, landlords can secure a steady stream of income that exceeds the average market rate, providing a reliable financial foundation for their investment properties.
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.