Section 8 Fair Market Rent (FMR) for ZIP 57529 - 2027

Location: Tripp County, SD | Metro: Gregory County, SD

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$890
2 Bedrooms	$1,100
3 Bedrooms	$1,490
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

245

Median Household Income

$75,313

Housing Units

162

Renter Percentage

1.6%

Occupancy Rate

75.9%

Renter Occupied

The town located in ZIP code 57529 is situated in a rural setting, offering a tranquil environment away from the hustle and bustle of urban life. Despite its serene atmosphere, understanding the local real estate dynamics is crucial for landlords and small-portfolio investors looking to capitalize on opportunities in this area.

The Fair Market Rent (FMR) for ZIP 57529 is set at $1,010 for the fiscal year 2026, indicating the average rent level that is considered fair for the region.
Market rent data is currently unavailable, suggesting that the area might have limited rental properties or a less active rental market compared to urban centers.
The median home value is also not available, which could imply a lack of recent sales data or a predominantly rental-focused community.
Renters make up only a 1.6% share of the housing market in this ZIP code, pointing towards a primarily owner-occupied residential landscape.
The Days on Market (DOM) figure is not available, which might indicate a low turnover rate in property listings or a small number of transactions recorded.
The median household income in the area is $75,313, providing insight into the financial capacity of potential tenants or buyers.

Given the low renter share and the limited availability of market-specific data, it appears that ZIP 57529 is more suited for owner-occupiers rather than renters. The Fair Market Rent figure offers a benchmark for setting rental rates, but the scarcity of other key metrics such as market rent and median home values suggests that the area's real estate market may be less dynamic. Investors should consider the lower demand for rental properties and focus on long-term ownership strategies or flipping properties if they aim to enter this market. The median income provides a foundation for assessing the affordability of rental units or homes in the area, ensuring that any investment aligns with the economic profile of the residents.

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.