Location: Harding County, SD | Metro: Carter County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 57724 reveals a market that leans towards providing steady cash flow rather than high yield through speculative investments. The primary driver for this classification is the comparison between the Fair Market Rent (FMR) and the market rent figures.
In fiscal year 2026, the FMR for the metro area is set at $1,090. This figure represents the maximum amount a landlord can charge for a rental unit under the Section 8 program. In contrast, the market rent stands at $435. Given that the home value data is not available, we must focus on these rental metrics to gauge the potential returns.
The gap between the FMR and the market rent indicates that landlords participating in the Section 8 program can expect a higher yield compared to those renting at market rates. However, this does not necessarily imply a high-yield market due to other factors influencing stability and demand.
Stability in ZIP 57724 is supported by several indicators. The percentage of renters is relatively high at 41.3%, suggesting a consistent demand for rental properties. While the days on market (DOM) data is unavailable, the average household income of $61,146 provides insight into the economic health of the area and the ability of tenants to afford rent payments.
Based on the available data, ZIP 57724 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The significant disparity between the FMR and the market rent supports a higher yield potential for Section 8 properties, but the strong tenant base and median income levels suggest a stable environment conducive to long-term investment strategies.
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.