Location: Ziebach County, SD | Metro: Ziebach County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
The market in ZIP code 57622 presents a dynamic environment where rental properties are likely to be in high demand. With a Fair Market Rent (FMR) of $930 set for the fiscal year 2026, this figure represents the government's assessment of what constitutes a reasonable rent for the area under the Section 8 program. However, the current market rent stands at $858 according to Census ACS data, indicating that rents are currently below the FMR, which could suggest an upward trend in rental prices as the market adjusts to meet the government's benchmark.
The significant proportion of renters—comprising 61.2% of the population—implies persistent long-term housing pressure. This high percentage of renters can be indicative of a scenario where many residents prefer or are compelled to rent rather than own homes. It suggests a robust demand for rental properties, potentially due to economic factors, lifestyle choices, or limited opportunities for homeownership. Landlords and small-portfolio investors should take note of this high renter share as it points to a stable tenant pool and consistent rental income potential.
While specific data on price-cut share and days on market (DOM) are not available, the gap between the FMR and the current market rent of $858 hints at a market where demand might be catching up to supply. As rents inch closer to the FMR, we can infer that landlords who offer competitive pricing are likely to attract tenants quickly, reducing vacancy periods and increasing occupancy rates. The absence of data on median home values also suggests that the focus on rentals is pronounced in this area, further emphasizing the importance of rental properties in the local housing landscape.
In conclusion, ZIP 57622 appears to be a market where rental properties are integral to meeting housing needs. The high renter share and the relationship between current market rents and the FMR indicate a strong demand for rental units, making it a favorable location for landlords and small-portfolio investors looking to capitalize on a growing rental market.
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.