Location: Dewey County, SD | Metro: Dewey County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 57630, located within the Dewey County, SD metro area, has a Family Monthly Income Rent (FMR) of $950 for fiscal year 2026. This figure serves as an important benchmark for understanding the rental market dynamics in this specific area. However, the lack of data on market rent and home values makes direct comparisons to typical ZIP codes within Dewey County challenging. Nonetheless, the 0.0% renter share in 57630 provides insight into the nature of its housing market.
In contrast to other ZIP codes in Dewey County, which likely have higher renter shares and more comprehensive data on market rents and home values, 57630 stands out due to its absence of renters. This characteristic suggests that the majority of residents in 57630 own their homes, rather than renting them. The FMR of $950 indicates the maximum amount that a household receiving federal rental assistance should pay for housing, but without market rent figures, it's difficult to determine if this represents a value pocket or a premium sub-market.
The absence of renters could imply that 57630 is not a typical Section 8 sweet spot. Usually, a high renter share coupled with below-average home values signals such a pocket. Since there is no renter presence and no specific market rent or home value data, we cannot conclude that 57630 offers a particularly attractive opportunity for landlords seeking to cater to low-income tenants under the Section 8 program. Instead, it appears that this ZIP code may be more suited to homeowners or investors looking for areas with strong owner-occupancy rates.
To further analyze the investment potential in 57630, it would be beneficial to gather additional data on market conditions, including average home values and typical rental prices. These metrics would provide a clearer picture of how the ZIP compares to other areas within Dewey County and help identify whether it presents a value pocket or a more premium market for real estate investments.
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.