Location: Meade County, SD | Metro: Meade County, SD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
The ZIP code 57741 presents a unique scenario for real estate analysis due to the limited data available. Based on the Fair Market Rent (FMR) for Fiscal Year 2024, which is set at $920, we can infer some aspects of the rental market. However, the lack of market price and home value data complicates a comprehensive assessment of the yield potential.
In terms of stability, the data reveals that there are 0.0% of renters, suggesting a predominantly owner-occupied area. This characteristic is often associated with lower volatility in rental markets but also implies fewer opportunities for rental income. The absence of day-on-market (DOM) and median income figures further limits the ability to assess stability accurately.
To classify ZIP 57741, it's evident that the area does not fit into a high-yield/low-stability category typically seen in flip-style markets. There is no indication of frequent property turnovers or distressed sales, which would be hallmarks of such a market. Instead, the low percentage of renters points towards a more stable environment where long-term ownership is common. However, without the full dataset including market prices and home values, it's challenging to definitively label this as a steady-cashflow zone.
The key figure driving this classification is the FMR of $920, which provides a baseline for expected rental income. Given the scarcity of other data points, landlords and small-portfolio investors should proceed cautiously, focusing on understanding local market dynamics through alternative sources such as local real estate agents or community boards.
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.