Location: Brown County, SD | Metro: Brown County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
ZIP code 57479, located within the Brown County, SD metro, presents a unique profile when compared against other ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 57479 is set at $1,080 for fiscal year 2026, which is slightly above the market rent of $1,036. This indicates that the rental prices are expected to be competitive and potentially slightly higher than what the market currently offers.
The median home value in ZIP 57479 is $279,559, which is indicative of a middle-class neighborhood where property values are neither excessively low nor exorbitantly high. This figure aligns well with the average home values seen across Brown County, SD, suggesting that ZIP 57479 is a mid-tier neighborhood in terms of housing costs.
The renter share in ZIP 57479 stands at 5.2%, which is relatively low compared to other areas in the Brown County, SD metro. A lower renter share typically means fewer tenants and could indicate a preference for homeownership in this area. However, given the slight premium on FMR over market rent, there might be an opportunity for landlords who can provide quality rental properties at or near the FMR level.
In evaluating ZIP 57479's position within the Brown County, SD metro, it is clear that the area represents a mid-tier neighborhood. The home values and rental prices suggest a balanced market, neither particularly attractive to investors looking for value pockets due to low property values nor signaling a premium sub-market with significantly higher rents or property values. The low renter share also does not indicate a strong presence of Section 8 tenants, which would typically signal a sweet spot for landlords interested in government-subsidized housing programs.
While ZIP 57479 does not stand out as a value pocket or a premium sub-market based on the provided figures, it still offers a stable investment environment for landlords and small-portfolio investors. The slightly higher FMR compared to the market rent provides a potential margin for landlords to offer competitive rental rates while maintaining profitability. Additionally, the moderate home values suggest a steady demand for both rental and owned properties without extreme fluctuations.
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.