Location: Harding County, SD | Metro: Butte County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
U.S. Census Bureau data (2024)
The ZIP code 57760 presents an interesting case for real estate investment, particularly under the Section 8 program. The analysis on the two key axes—yield and stability—reveals a nuanced picture that landlords and small-portfolio investors should consider.
Starting with yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,250. This figure is notably higher than the market rent of $1,125, indicating a potential for slightly above-average returns when compared to the broader market conditions. However, the lack of a specific home value figure (N/A) suggests that there might be limited data on property prices, which could affect the overall profitability if acquisition costs are higher than expected.
Moving onto stability, the ZIP code shows a relatively low percentage of renters at 3.1%, which could imply lower demand for rental properties. The absence of a figure for days on the market (DOM) makes it difficult to assess how quickly properties can be leased, but the median household income of $65,054 provides some assurance regarding the financial stability of tenants. This income level is likely sufficient to cover the rent stipulated by the FMR, reducing the risk of default.
Based on these figures, ZIP 57760 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The slightly elevated FMR compared to market rent supports a modest yield increase, while the stable income levels mitigate risk. However, the low percentage of renters and the unknown DOM could pose challenges in maintaining consistent cash flow and achieving quick turnovers.
To conclude, the combination of a decent yield driven by the FMR and a moderate stability factor due to median income levels positions 57760 as a balanced opportunity. Investors should focus on areas where they can leverage the higher FMR to their advantage, while also preparing for potentially slower leasing periods and a smaller pool of prospective tenants.
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.