Location: Campbell County, SD | Metro: Campbell County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
ZIP 57646 encompasses the small town of Mound City, South Dakota, which has a population of 272 residents. With only 11.9% of the population renting, it is a predominantly owner-occupied area. The median household income stands at $101,406, indicating a relatively affluent community. However, specific data regarding the median home value is currently unavailable.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP 57646 as of fiscal year 2026 is set at $970. This figure serves as a benchmark for rental prices in the area but should be compared against actual market rents to gauge investment potential. Unfortunately, recent data on the current market rent for the area was not found in the search results, which suggests that the rental market in Mound City may be limited or less documented.
The low percentage of renters and the lack of detailed market rent data indicate that ZIP 57646 might not be an ideal location for hands-off voucher operators. Given the town's small size and limited rental market, such an approach would likely yield few opportunities. Instead, the area may be better suited for hands-on value-add buyers who can take advantage of the town's affluence and potentially develop rental properties that cater to the specific needs of the local market.
In conclusion, while ZIP 57646 presents a unique opportunity for investors willing to engage directly with the market, it is not a location where passive income strategies through rental vouchers will thrive. The median income and the FMR of $970 suggest that there could be a niche for high-quality, moderately priced rental units, but this would require active management and possibly some redevelopment efforts.
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.