Location: Ziebach County, SD | Metro: Corson County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 57633 in the metro area for fiscal year 2026 is set at $930. This figure represents the maximum amount that a landlord can receive through the Section 8 Housing Choice Voucher program for a unit in this area. It's important to note that this is not the rent you should charge your tenants; it's the reimbursement limit from the government.
In comparison, the average rent in ZIP 57633, according to recent Census American Community Survey (ACS) data, is $818. This indicates that the FMR is slightly higher than the market rate, providing a potential margin for landlords who participate in the Section 8 program.
With a 23.5% share of renters in the local population, there is a significant demand for rental properties. This percentage suggests that nearly one-quarter of residents in ZIP 57633 are looking for places to rent, which could translate into a steady stream of potential tenants for your property.
However, the acquisition cost of properties in this area is noted as N/A, meaning there is insufficient data to provide an accurate estimate. This could indicate variability in property costs, or that the data is not readily available. Landlords should conduct thorough research on property values and costs in ZIP 57633 before making any investment decisions.
Before deciding to participate in the Section 8 program with your first rental property in ZIP 57633, verify that your property meets all the necessary standards and requirements. The housing must pass a quality inspection known as the Housing Quality Standards (HQS) check. This ensures that the property is safe, decent, and sanitary for tenants. If your property does not meet these standards, you will need to make the necessary improvements before it can be approved for the program.
In summary, the FMR of $930 offers a benchmark for reimbursement under the Section 8 program, slightly above the current average rent of $818. With a substantial portion of the population renting, demand is present. However, ensure your property meets HQS standards before proceeding.
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.