Location: Sully County, SD | Metro: Hughes County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,360 |
| 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 Fair Market Rent (FMR) for ZIP code 57536 in the metro area for fiscal year 2026 is set at $970. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for the Section 8 housing voucher program. It's important to note that this is not the amount your tenants will pay in rent; it's the maximum amount HUD will reimburse you for renting a unit under the program.
To put this into perspective, the average rent for ZIP 57536, according to the Census Bureau's American Community Survey (ACS), is $670. This suggests that the FMR is significantly higher than the typical market rate, offering landlords a potential opportunity to earn more per unit compared to non-subsidized rentals.
The demand for rental properties in this area is substantial, with 41.4% of households being renters. This high percentage indicates a robust market for rental units, including those participating in the Section 8 program. With such a large portion of the population租房，这表明该地区对出租房屋的需求强劲，包括参与Section 8计划的房屋。拥有41.4%的高租房比例意味着市场上有很多潜在租户。
对于考虑首次成为Section 8房东的人来说，购买房产的成本是一个重要的考量因素。根据数据，收购成本为441,931美元。这意味着如果你打算投资一个出租物业并加入Section 8计划，你需要准备好这个金额作为初始投入。
在决定是否加入Section 8计划之前，确保核实的一个关键事项是当地的租金限制。虽然FMR是$970，但每个城市或县可能会有自己的租金上限，这个上限可能低于FMR。了解这些地方规定将帮助你确定可以收取的最大租金，并确保你的投资策略符合所有相关法规。
总结来说，ZIP 57536的FMR为$970，高于当地平均租金$670，显示出该地区对出租房屋的强劲需求。高比例的租房家庭和明确的房产收购成本为投资者提供了清晰的信息框架。但在做出最终决定前，请务必确认当地的租金限制规定。
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.