Location: Corson County, SD | Metro: Grant County, ND
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
ZIP code 57641, located in Corson County, South Dakota, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the $950 metro area in fiscal year 2026 stands at $950, while the current market rent is significantly lower at $608. This creates a substantial spread of $342 per unit, which translates into positive cash flow for landlords who can secure Section 8 tenants.
The cash-flow anchor designation is further supported by the lack of data on home values and price cuts, suggesting that the real estate market in this ZIP code is relatively stable and not experiencing rapid appreciation or depreciation. This stability means that landlords can rely on consistent rental income without the risk of property value fluctuations eroding their investment.
Additionally, the median income in ZIP 57641 is $83,750, indicating that residents have sufficient financial resources to meet the requirements of Section 8 eligibility. While the renter share is 18.3%, this figure does not detract from the cash-flow anchor potential; rather, it suggests a moderate demand for rental properties, which can be met through strategic placement of Section 8 units.
In conclusion, ZIP 57641 should be considered a cash-flow anchor in a Section 8 portfolio due to the favorable spread between the FMR and market rent, along with the stable real estate market conditions and adequate median income levels. These factors ensure steady, reliable income for landlords and small-portfolio investors.
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.