Location: Lyman County, SD | Metro: Lyman County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,370 |
| 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)
ZIP code 57569, located within Lyman County, SD, presents a unique snapshot when compared against the broader county metrics. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000, while the market rent stands slightly higher at $1,167. This indicates that the rental market in 57569 is marginally above the FMR, suggesting a slight premium over what might be considered fair or average.
The renter share in ZIP 57569 is notably high at 24.7%, which is a significant portion of the population relying on rental housing. This can be indicative of an area where there is a substantial demand for affordable housing options, potentially making it attractive for landlords who cater to the needs of low-income renters through programs such as Section 8.
However, the lack of available data on home values in 57569 makes it challenging to draw direct comparisons with other ZIP codes within Lyman County. Typically, a high renter share coupled with below-average home values could signal a Section 8 sweet spot, but without specific home value data, we cannot conclusively state this about 57569.
To determine if ZIP 57569 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we would need comparative data on home values and other ZIP codes' renter shares within Lyman County. Given the current information, we can infer that 57569 is likely a mid-tier neighborhood due to its rental prices being above the FMR but not drastically so. The high renter share suggests a strong potential for rental income, especially for those participating in government-assisted housing programs.
Landlords and small-portfolio investors should take note of the rental price dynamics and the high proportion of renters in 57569. While the exact positioning as a value pocket or premium sub-market remains uncertain without additional data, the area's characteristics suggest a solid investment opportunity, particularly for those interested in serving the rental market effectively.
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.