Location: Jackson County, SD | Metro: Rapid City, SD HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
ZIP 57775, located in the Jackson County, SD metro area, is best suited as a diversifier within a Section 8 portfolio strategy. This classification is based on the available data which indicates a significant renter share of 11.1% and a median income of $77,750.
The Fair Market Rent (FMR) for ZIP 57775 in fiscal year 2024 is set at $910. Given that the market data for median home values and other specifics are not currently available, we cannot determine if there's a spread that would make this a cash-flow anchor. However, the presence of a substantial number of renters suggests a stable demand for rental properties, which is crucial for Section 8 investments.
Apartments and homes in ZIP 57775 typically fall within the range of $500-$749 per month when including utilities. While the exact appreciation potential is unclear due to missing data on price cuts and days on market (DOM), the relatively high median income implies a strong economic foundation that supports steady rental income. This stability makes ZIP 57775 a reliable component of a diversified investment portfolio, particularly for those looking to balance their holdings with a mix of income-producing and potentially appreciating assets.
In conclusion, ZIP 57775 should be considered primarily as a diversifier within a Section 8 portfolio. Its characteristics align well with providing consistent cash flow through rental income, making it a valuable addition for landlords and small-portfolio investors seeking to stabilize their investment returns.
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.