Location: Sully County, SD | Metro: Hughes County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
ZIP code 57522, located within the Sully County, SD metro, presents an interesting profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 57522 stands at $930 for fiscal year 2026, which is slightly above the market rent of $900. This indicates that the rental market in 57522 is marginally more expensive than the general market trend in Sully County.
The median home value in 57522 is $164,683, which is reflective of the overall housing market in Sully County. This suggests that 57522 is neither a premium sub-market nor a value pocket but rather a mid-tier neighborhood in terms of home values. However, it's important to note that the renter share in 57522 is significantly higher at 30.2%. This figure is notably greater than the average renter share typically found in other ZIP codes within Sully County.
The combination of a higher-than-average renter share and a below-metro median home value can be indicative of a potential sweet spot for Section 8 investments. Landlords and small-portfolio investors looking to capitalize on government-subsidized housing might find 57522 attractive due to the substantial number of renters who could benefit from the Section 8 program. This scenario often means that there is a strong demand for affordable rental properties, making it a favorable environment for those willing to participate in the Section 8 program.
To summarize, ZIP code 57522 is best categorized as a mid-tier neighborhood within the Sully County, SD metro, based on its home values. However, the high renter share makes it stand out as a potentially valuable area for Section 8 investments, particularly given the alignment of rental costs with the FMR.
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.