Location: Jackson County, SD | Metro: Haakon County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 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 Section 8 market analysis for ZIP code 57543 in Jackson County, South Dakota, reveals a significant opportunity for investors willing to navigate the nuances of the program. The HUD Fair Market Rent (FMR) for the area is set at $930 per month for the fiscal year 2026. This figure is notably higher than the market rent observed in the same region, which stands at $542 according to Census ACS data.
Voucher tenants in ZIP 57543 will cashflow at the FMR, meaning that landlords can expect a positive financial outcome when renting their properties to these tenants. The discrepancy between the HUD FMR and the actual market rent indicates that voucher holders can afford to pay well above what the local market demands, providing a substantial buffer for landlords. This dynamic suggests that even properties priced slightly above the average market rate will still generate positive cash flow.
The median home value in the area is currently listed as N/A, which complicates deriving a precise rent-to-price ratio. However, given the disparity between the HUD FMR and the market rent, it's reasonable to infer that rental income could be significantly higher relative to property values, should they become available. The N/A-day median days on market (DOM) and N/A% price cut share indicate that there is no recent data on how long homes stay on the market or how often sellers need to reduce their asking price, suggesting that the buy-versus-rent decision is heavily influenced by rental dynamics rather than fluctuating home prices.
The strongest investor angle in ZIP 57543 is cashflow. With voucher tenants paying $930, which is nearly double the market rent of $542, landlords can secure steady, reliable income streams without the risks associated with fluctuating rental markets or speculative real estate investments. This makes Section 8 properties an attractive option for those seeking consistent returns.
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.