Location: Hyde County, SD | Metro: Hughes County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 57540 reveals a unique balance between yield and stability, making it an interesting market for real estate investment. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. However, the lack of specific market rental prices and home values indicates that the area's real estate market might not be as developed or tracked as others, which could mean there is potential for growth but also uncertainty.
On the stability front, the percentage of renters stands at 34.2%. This figure suggests a moderate reliance on rental housing, neither overly saturated nor lacking in demand. Without specific data on days-on-market (DOM) and median income levels, it's challenging to provide a comprehensive assessment of stability. Typically, lower DOM and higher median incomes contribute to greater stability, but these metrics are currently unavailable for ZIP 57540.
Given the available information, ZIP 57540 does not fit neatly into a high-yield/low-stability category typical of 'flip-style' markets, where quick property turnover is common. Instead, it appears to be more of a steady-cashflow zone due to the FMR being a reliable indicator of rent that can be charged, assuming the area follows general trends. The moderate renter population suggests consistent demand, which supports the idea of stable cash flow rather than volatile yields.
To make a more precise classification, additional data points such as the actual market rental rates, days-on-market for properties, and median household income would be necessary. These details would help in understanding the true dynamics of the local real estate market and how it compares to broader economic trends.
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.