Location: Todd County, SD | Metro: Todd County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 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 ZIP code 57555 presents an interesting mix of yield potential and market stability for real estate investors, particularly those interested in Section 8 properties. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, which is significantly higher than the market rent of $573. This indicates a strong opportunity for rental income above the market average when securing tenants through the Section 8 program.
However, the lack of data on home values suggests that there might be limited opportunities for property flipping in this area. Home flipping typically relies on the appreciation of home values over time, and without this data, it's difficult to assess the potential for such strategies.
On the stability axis, the ZIP code shows a high percentage of renters at 51.0%. While this is a positive sign for rental demand, the absence of data regarding days on market (DOM) could indicate either a very active market where homes sell quickly or a less transparent real estate environment.
The median household income of $40,694 provides insight into the economic profile of the area. This figure suggests that the local economy supports a level of income that can sustain the demand for subsidized housing, which is beneficial for Section 8 landlords and small-portfolio investors. It ensures a consistent pool of eligible tenants who can afford the rents associated with the Section 8 program.
Given these figures, ZIP 57555 leans towards being a steady-cashflow zone. The substantial gap between the FMR and the market rent points to a high-yield potential, especially for landlords willing to participate in the Section 8 program. However, the high percentage of renters and the median income suggest a stable market that can support long-term rental investments rather than short-term flips. The lack of home value data further supports this classification, as it implies that the primary focus should be on rental income rather than on the potential for capital gains through property resale.
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.