Location: Tripp County, SD | Metro: Lyman County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The classification of ZIP code 57534 on the axes of yield and stability reveals it to be a steady-cashflow zone for real estate investments. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. This figure represents the maximum rent that can be charged to tenants receiving Section 8 vouchers, indicating a predictable revenue stream for landlords who participate in the program.
Stability is measured by several factors, including the percentage of renters, the average days on market (DOM), and median household income. In ZIP 57534, 43.5% of residents are renters, which suggests a moderate demand for rental properties. The median household income is listed at $33,438, providing insight into the financial capacity of potential tenants. While the DOM data is unavailable, the income level supports the assumption that rental vacancies would be filled relatively quickly due to the affordability of the area.
The absence of specific market and home value figures means we cannot definitively assess the potential for high yields through property appreciation or flipping. However, the combination of a known FMR and a stable tenant population indicates that this ZIP code is well-suited for those seeking consistent cash flow rather than rapid capital gains. Landlords and small-portfolio investors should focus on long-term tenancy and steady returns given the current data.
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.