Location: Gregory County, SD | Metro: Boyd County, NE
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 68719, located within Gregory County, SD, presents a unique scenario when compared against typical metrics for the county's other ZIP codes. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, which serves as a benchmark for evaluating rental properties within the context of federal housing assistance programs.
Absent specific market rent and home value data for ZIP 68719, we can make some inferences based on the provided figures. The FMR of $980 indicates that this ZIP code aligns closely with the overall metro area's fair market standards for rental units. This suggests that landlords operating within 68719 should aim to keep their rental rates around or slightly above this figure to remain competitive while ensuring compliance with Section 8 guidelines.
The renter share of 2.5% in ZIP 68719 is notably lower than what might be expected in a denser urban environment but must be contextualized within the broader landscape of Gregory County, SD. Given the lack of comparative data for other ZIP codes within the county, it is challenging to definitively categorize 68719 as a value pocket, a mid-tier neighborhood, or a premium sub-market. However, the absence of higher market rents and home values in conjunction with a modest renter share implies that this area is likely a value pocket within the metro, offering affordable living options without the premium associated with desirable locations.
It is important to note that the low renter share combined with the availability of Section 8 support at the $980 FMR level could signal an opportunity for landlords willing to participate in the program. While the renter share is low, the alignment with the FMR suggests that there is a stable demand for rental units that meet the affordability criteria set by the government. This could be particularly beneficial for small-portfolio investors looking to serve a niche market where competition is less intense.
In conclusion, ZIP 68719 appears to be a value pocket within the Gregory County, SD metro, characterized by its adherence to the $980 FMR and a relatively low renter share. Landlords and investors should consider the potential for steady, albeit not premium, returns when managing properties in this area. Participation in the Section 8 program can provide a reliable tenant base and ensure compliance with federal housing standards.
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.