Location: Oglala Lakota County, Unknown | Metro: Jackson County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
U.S. Census Bureau data (2024)
The Section 8 thesis in ZIP 57752 is anchored by a significant gap between the Fair Market Rent (FMR) set at $950 for the metro area in fiscal year 2026 and the actual market rent of $624, based on Census ACS data. This gap translates to a difference of $326 per month, or approximately 52.8%.
In this scenario where the FMR exceeds the market rent, voucher tenants present a lucrative opportunity for landlords and small-portfolio investors. The higher FMR payments ensure a steady, government-backed income stream that surpasses the typical market rate. This makes it a yield play, as landlords can expect to earn more per unit than they would in the open market.
The ZIP 57752 context reveals that 65.0% of residents are renters, indicating a strong demand for affordable housing. While the median home value is not available, the median household income stands at $82,604, suggesting that many residents may rely on rental assistance to secure housing.
To summarize, the discrepancy between the FMR and market rent in ZIP 57752 creates a compelling investment case for those willing to accept Section 8 vouchers. Landlords can capitalize on the government's willingness to pay above market rates, thereby increasing their rental yields and securing a reliable tenant base.
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.