Location: Corson County, SD | Metro: Corson County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP code 57634, located within Corson County, SD, stands out with an FMR (Fair Market Rent) of $930 for fiscal year 2026. This figure is critical for understanding the rental dynamics in the area. The lack of market rent and home value data for ZIP 57634 means we must rely on the FMR to make comparisons.
Typically, in Corson County, SD, ZIP codes exhibit varying levels of rental activity, but the specifics are limited without additional data points. However, the 15.6% renter share in ZIP 57634 is a notable statistic that suggests a significant portion of residents are renters. This percentage alone indicates a higher demand for rental properties compared to owner-occupied homes.
To determine if ZIP 57634 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we must consider the FMR in relation to broader trends. Given that the FMR is set at $930, it's likely that this ZIP code is either a value pocket or a mid-tier neighborhood, as premium sub-markets tend to command higher rents. The absence of market rent and home value data complicates this analysis, but the high renter share could suggest a concentration of lower-income households who rely on affordable housing options.
The high renter share combined with an FMR that is presumably below the average for premium sub-markets often signals a favorable environment for Section 8 participants. Landlords and small-portfolio investors should take note of this potential sweet spot where demand for affordable rentals is strong.
While the specific market rent and home value figures are not available for ZIP 57634, the reliance on FMR and the high renter share imply a need for affordable housing solutions. This makes ZIP 57634 a promising area for those interested in Section 8 tenancy, offering a clear path for landlords to serve a significant portion of the local population.
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.