Location: Lyman County, SD | Metro: Lyman County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
ZIP code 57568, located within Lyman County, SD, exhibits characteristics that suggest it could be a value pocket within its metro area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, whereas the actual market rent in ZIP 57568 is lower at $821. This indicates that properties in 57568 are more affordable compared to the broader metro average, making it attractive for both landlords and small-portfolio investors looking for cost-effective opportunities.
The renter share in ZIP 57568 stands at 18.5%, which is relatively low but still significant. While we do not have specific home value data for this ZIP code, the absence of reported home values suggests that this area might not be as developed or popular as other parts of the county, leading to lower property costs. However, the combination of a moderate renter share and below-metro rents can be indicative of a Section 8 sweet spot. Properties here can potentially attract tenants who qualify for housing assistance without the need for landlords to charge premium rents.
To further contextualize, let's compare these figures with typical ZIP codes in Lyman County, SD. Typically, ZIP codes with higher FMRs and market rents tend to be more desirable and thus command higher home values. In contrast, ZIP 57568 maintains a competitive edge through its lower market rent, suggesting that it could be an undervalued market segment where investment can yield steady returns without the risks associated with premium sub-markets.
In summary, ZIP 57568 presents itself as a value pocket within the Lyman County, SD metro, offering lower rents than the FMR while maintaining a notable renter share. This makes it a strategic location for investors seeking stable rental income with less competition on pricing.
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.