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 analysis of ZIP code 57572 reveals several critical points for landlords and small-portfolio investors considering investment in this area.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the Todd County, SD metro area for fiscal year 2026 is set at $930. However, the current market rent, according to Census ACS data, is significantly lower at $572. This discrepancy suggests that landlords may struggle to achieve rents at the FMR level, which could impact profitability.
Regarding the affordability of acquisitions, the data presents a challenge. The median home value is listed as N/A, indicating a lack of sufficient data to determine typical property values. Similarly, the average days on market (DOM) and the percentage of homes requiring price cuts are also marked as N/A, which means it's difficult to assess how competitive the buying process might be. These missing figures make it hard to gauge the overall cost and ease of acquiring properties in this ZIP code.
On the subject of tenant demand, the ZIP code has a total population of 1,317, with 37.5% of residents being renters. This relatively high renter share suggests that there is a reasonable demand for rental properties, but the small overall population limits the potential pool of tenants.
In conclusion, while there is a notable demand for rental properties in ZIP code 57572 due to the significant renter share, the disparity between the FMR and the actual market rent poses a substantial risk to profitability. Furthermore, the lack of detailed data on median home values, DOM, and price-cut shares makes assessing the affordability of acquisitions challenging. Investors should proceed with caution, focusing on the potential for long-term stability rather than short-term gains, given the limited population size and the need to set realistic rental rates to attract tenants.
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.