Location: Custer County, SD | Metro: Custer County, SD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
The ZIP code 57773, located in Pringle, South Dakota, has a population of 206. Only 9.2% of residents are renters, indicating that this area is primarily dominated by homeowners. The median household income is not available; however, the average household income is $43,929 according to recent data.
Market rent figures are not specified, but considering the low percentage of renters, it suggests that the rental market is not robust. The Fair Market Rent (FMR) for the area is set at $1,150 per month (for FY 2026, metro). Given the average income of $43,929, we can estimate that typical rent would consume approximately 33% of an individual's annual income, which is relatively high and could indicate financial strain on potential tenants.
The ZIP code 57773 is characterized by a small number of renters, which means that the demand for Section 8 vouchers is likely limited. This contrasts with areas with higher percentages of renters who might rely more heavily on government assistance for housing.
A landlord in ZIP code 57773 should anticipate a tenant pool that includes individuals and families with modest incomes. These tenants may seek affordable housing options but may not be able to afford rents that exceed their financial capabilities without assistance. While Section 8 vouchers exist, their utilization in this area is expected to be lower due to the predominantly homeowner population.
To attract and retain tenants, landlords should consider offering competitive rents that align with the local income levels. Additionally, maintaining properties in good condition will be key to ensuring long-term occupancy and satisfaction among the 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.