Location: Walworth County, SD | Metro: Campbell County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 57631 stands out due to its unique demographic and economic characteristics. With only 364 residents, it is one of the smallest communities in the region. Despite its size, 9.7% of these residents rent their homes, indicating a modest but present rental market. The median income here is $56,827, which suggests that while not high, it is sufficient to support a stable lifestyle. The median home value is significantly higher at $222,246, reflecting a trend towards homeownership rather than renting.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for ZIP 57631 in fiscal year 2026 is set at $1,010. However, the absence of a reported market rent figure makes it challenging to assess the comparative advantage of Section 8 vouchers in this area. This discrepancy could be due to the limited number of rental properties available, leading to insufficient data points for an accurate market assessment.
Given the data signature, ZIP 57631 appears to be a stable community with a strong inclination towards homeownership. The relatively low percentage of renters combined with the high median home value indicates a preference among residents for owning property over leasing. While the availability of Section 8 vouchers can provide some financial relief to those who choose to rent, the impact may be minimal due to the small rental market and the lack of recent market rent data.
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.