Location: Corson County, SD | Metro: Corson County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 57659 presents an interesting case for real estate analysis, particularly for those considering investment opportunities through the Section 8 program. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. This figure is critical for understanding the rental yield potential, especially since there is no available market rent or home value data for this specific ZIP code.
On the stability axis, the data reveals a 0.0% share of renters in the area, which is exceptionally low. This suggests that the majority of residents in ZIP 57659 own their homes rather than renting, potentially making it challenging to find tenants interested in participating in the Section 8 program. Additionally, the lack of data on the average days on market (DOM) indicates either a very stable market with quick sales or a lack of activity in rentals, which could be a concern for investors looking for regular cash flow.
The median household income in ZIP 57659 stands at $103,333, which is significantly higher than the national average. While this might seem positive, it also implies that the demand for subsidized housing could be lower, affecting the number of eligible Section 8 participants. Given the low renter percentage and the high median income, this area leans towards being less attractive for high-yield investments typical of 'flip-style' markets.
Based on these figures, ZIP 57659 does not qualify as a high-yield/low-stability market. Instead, it appears to be a niche investment opportunity where the primary focus should be on steady cash flow rather than rapid appreciation or flipping properties. The $960 FMR provides a clear guideline for setting rental prices that align with the Section 8 program's requirements, ensuring compliance and consistent income.
To summarize, while the yield potential is defined by the $960 FMR, the stability concerns arise from the 0.0% renters and the absence of DOM data. The high median income further supports the idea that this is a steady-cashflow zone rather than a high-risk, high-reward market. Landlords and small-portfolio investors should carefully consider these factors when evaluating the viability of investing in ZIP 57659 under the Section 8 program.
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.