Location: Oglala Lakota County, Unknown | Metro: Custer County, SD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 57722 presents a unique scenario for landlords and small-portfolio investors, primarily due to the lack of specific data on median home values, the percentage of listings that have been reduced, and the median days on market (DOM). However, we can infer certain trends and implications based on the available information.
The Fair Market Rent (FMR) for ZIP 57722 is set at $1,150 for the fiscal year 2026, which provides a benchmark for rental pricing in the area. This figure suggests that the rental market is stable and likely to maintain its current trajectory unless influenced by external factors such as economic shifts or changes in local regulations.
Despite the absence of precise figures for median home values and listing reductions, the N/A placeholders indicate a potential lack of recent sales data or significant activity in the residential market. This could mean that the market is either underreported or experiencing low volatility, where prices are relatively consistent and not seeing large fluctuations.
The median DOM being listed as N/A also points to a potentially slow-moving market, where properties might take longer to sell or there's insufficient data to provide an accurate average. A longer DOM typically signals a buyer's market, where sellers might need to be more flexible with their pricing to attract buyers.
For long-term investors, the setup implies a cautious approach towards appreciation expectations. The stability suggested by the FMR figure and the lack of significant price movements or reductions in listings indicate that the area is unlikely to experience rapid growth in property values. Instead, investors should anticipate modest appreciation rates, if any, and focus on the steady rental income as a primary source of return.
In summary, the combination of stable rental prices and the potential for a slower-moving residential market suggests that landlords and small- portfolio investors in ZIP 57722 should expect a conservative environment over the next 12-24 months. Rental income will likely remain a reliable source of cash flow, while appreciation expectations should be tempered by the current market conditions.
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.