Section 8 Fair Market Rent (FMR) for ZIP 57533 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$990
2 Bedrooms	$1,170
3 Bedrooms	$1,620
4 Bedrooms	$1,840
5 Bedrooms	$2,134
6 Bedrooms	$2,390
7 Bedrooms	$2,581
8 Bedrooms	$2,710

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,674

Median Household Income

$58,500

Housing Units

869

Renter Percentage

30.6%

Occupancy Rate

77.1%

Renter Occupied

205

The ZIP code 57533 is characterized by a small population of 1,674 residents, with 30.6% of them renting their homes. The median income in this area stands at $58,500, indicating a modest economic status among its inhabitants. Notably, the median home value is not available, which could suggest either a lack of data or an unusual housing market situation.

In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,080. This figure is significantly higher than the current market rent of $633, based on Census American Community Survey (ACS) data. This discrepancy presents a lucrative opportunity for landlords who can leverage the higher FMR to secure more stable rental income through the Section 8 program.

The data signature for ZIP 57533 reads as stable. With a defined median income and a notable percentage of renters, landlords can expect consistent demand for rental properties. The gap between the FMR and the actual market rent suggests that there is room for growth and improvement in rental pricing, especially when participating in the Section 8 program. This stability can be advantageous for small-portfolio investors looking to diversify their holdings in a predictable market environment.

To summarize, the key points for landlords and small-portfolio investors in ZIP 57533 include:

A small but steady population of 1,674 residents.
30.6% of residents are renters, indicating a reliable tenant pool.
A median income of $58,500, suggesting tenants have the means to pay rent.
A Fair Market Rent of $1,080 for fiscal year 2026, compared to a market rent of $633, providing an incentive for landlords to participate in the Section 8 program.
The overall data signature indicates a stable market, suitable for long-term investment strategies.

Given these factors, landlords and investors can confidently consider ZIP 57533 as a viable location for Section 8 properties, ensuring both occupancy and financial sustainability.

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.