Location: Jones County, SD | Metro: Jones County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 57531 reveals critical insights for landlords and small-portfolio investors considering investment in this area.
The rent math does not work favorably due to the lack of available market rent data. The Fair Market Rent (FMR) for the area, set at $960 for the fiscal year 2026, stands alone without a comparative market figure. This makes it challenging to determine if rental properties can be priced competitively to attract tenants while maintaining profitability.
Acquisition affordability is unclear without specific data on the median home value, days on market (DOM), and the percentage of homes that required price cuts. These figures are essential to gauge how easy or difficult it will be to purchase properties in the area and whether those properties are likely to sell quickly or require significant negotiation.
Tenant demand is present but limited. With a population of 153, the potential pool of renters is small, at only 17.9% of the total population. This suggests that while there is some interest in renting, the overall demand is constrained by the size of the local population.
Verdict: Investment in ZIP 57531 is risky due to the absence of key data points such as market rent, median home value, and other indicators of acquisition affordability. The small population base limits the number of potential renters, making it difficult to ensure consistent occupancy and returns. Until more comprehensive data is available, caution is advised when considering this location for real estate investments.
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.