57186
ZIPFMR
Minnehaha County, SD
BRFMR
Eff. Rent
0 BR$865$950
1 BR$986$1,080
2 BR$1,156$1,270
3 BR$1,586$1,740
4 BR$1,939$2,130
5 BR$2,230
6 BR$2,564
7 BR$2,949
8 BR$3,391

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,156
Market rent$1,730
Est. payment standard (110%)Used$1,270
Estimated payment standard is $1,270 (110% of FMR).
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Current value$126,805
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Current value$126,805
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Current value$126,805
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.77ratio
FMR$865
Market$1,120
vs market-$255

FMR is below market; voucher rent may lag private rents.

90% standard$779 / 0.70 ratio110% standard$952 / 0.85 ratio
0.77
1 BR
1 BR
0.61ratio
FMR$986
Market$1,610
vs market-$624

FMR is below market; voucher rent may lag private rents.

90% standard$887 / 0.55 ratio110% standard$1,085 / 0.67 ratio
0.61
2 BR
2 BR
0.67ratio
FMR$1,156
Market$1,730
vs market-$574

FMR is below market; voucher rent may lag private rents.

90% standard$1,040 / 0.60 ratio110% standard$1,272 / 0.74 ratio
0.67
3 BR
3 BR
0.62ratio
FMR$1,586
Market$2,550
vs market-$964

FMR is below market; voucher rent may lag private rents.

90% standard$1,427 / 0.56 ratio110% standard$1,745 / 0.68 ratio
0.62
4 BR
4 BR
0.79ratio
FMR$1,939
Market$2,450
vs market-$511

FMR is below market; voucher rent may lag private rents.

90% standard$1,745 / 0.71 ratio110% standard$2,133 / 0.87 ratio
0.79
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 57186 (SD) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled FMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

57186 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 57186 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,156 and the 4 bedroom fair market rent is $1,939.

Use this page for searches like 57186 FMR, 57186 fair market rent, and 57186 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 57186
Bedroom sizeHUD FMR
Studio$865
1 bedroom$986
2 bedroom$1,156
3 bedroom$1,586
4 bedroom$1,939