Location: Lawrence County, SD | Metro: Lawrence County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $2,070 |
| 5 Bedrooms | $2,401 |
| 6 Bedrooms | $2,689 |
| 7 Bedrooms | $2,904 |
| 8 Bedrooms | $3,049 |
U.S. Census Bureau data (2024)
ZIP code 57799, located within Lawrence County, SD, presents a unique scenario when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 57799 is set at $1,080 for the fiscal year 2026, which serves as a benchmark for rental pricing in the area.
Notably, specific figures for market rent and home values in ZIP 57799 are currently unavailable. However, the absence of market rent and home value data suggests that the area may be less developed or have fewer transactions recorded, making it difficult to establish precise comparisons with other ZIP codes in Lawrence County, SD.
The lack of comprehensive data on market rent and home values, combined with an unspecified percentage of renters, indicates that ZIP 57799 could potentially be a value pocket within the Lawrence County, SD metro. This classification is based on the assumption that the FMR of $1,080 might be higher than what typical market rents would be if they were available, signaling a possible reliance on government-assisted housing programs such as Section 8.
In contrast, typical ZIP codes in Lawrence County, SD, would likely exhibit more varied data points, including specific market rents and home values, which would provide a clearer picture of their economic profile. For instance, a typical ZIP code might have a lower FMR, reflecting a broader range of rental options available to both subsidized and unsubsidized tenants.
A high renter share percentage in ZIP 57799, despite the unavailability of specific figures, could indeed indicate a concentration of Section 8 vouchers or similar housing assistance programs. Such conditions often make areas attractive to landlords who can benefit from the stability and predictability of government-subsidized tenants, even if market rents are generally lower than the FMR.
To summarize, ZIP 57799 appears to be a value pocket within the Lawrence County, SD metro, characterized by a defined FMR of $1,080 and limited market data. This makes it a potential sweet spot for landlords and small-portfolio investors seeking to capitalize on government-assisted housing opportunities.
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.