Location: Stanley County, SD | Metro: Haakon County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The ZIP code 57552 is situated in a small, rural neighborhood characterized by a modest population of 642 residents. Only 10.8% of these residents are renters, indicating a predominantly owner-occupied community. The median household income stands at $63,500, suggesting a middle-class area where most families can afford their housing costs without significant financial strain.
Regarding the rental market, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. However, specific market rent data for ZIP 57552 is currently unavailable, which makes it challenging to compare FMR directly against local market conditions. This lack of detailed market data could imply a limited number of rental properties or a less active rental market compared to urban areas.
In terms of suitability for investment, ZIP 57552 would likely be more appealing to a hands-on value-add buyer rather than a hands-off voucher operator. The low percentage of renters suggests that there may not be enough demand for Section 8 vouchers to support a passive rental strategy. Instead, an investor looking to renovate or improve properties to attract tenants might find opportunities here, especially given the relatively stable median income levels. Such an approach could yield better returns over time by increasing property values and attracting a wider range of potential tenants beyond those eligible for Section 8 assistance.
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.