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Tripp County/Gregory/57533

57533

ZIPSAFMR
Tripp County, SD
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$810$810
1 BR$990$990
2 BR$1,170$1,170
3 BR$1,620$1,620
4 BR$1,840$1,840
5 BR$2,116Not available
6 BR$2,433Not available
7 BR$2,798Not available
8 BR$3,218Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMRUsed$1,170
Market rentN/A
Est. payment standardN/A
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 57533 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 57533 (Gregory, SD) is $1,170 a month. That is up 8.3% from $1,080 in FY 2026. Gregory is in the Tripp County, SD non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,014. Among 7 ZIP codes in Tripp County, 57533 has the highest two-bedroom rent (county range $1,010–$1,170). The median county two-bedroom FMR in South Dakota is $1,033, so ZIP 57533 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 57533
BedroomsFY 2027Change90–110% range
Studio$810+9.5%$729–$891
1BR$990+13.8%$891–$1,089
2BR$1,170+8.3%$1,053–$1,287
3BR$1,620+12.5%$1,458–$1,782
4BR$1,840+10.2%$1,656–$2,024

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 57533
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$990$1,170$1,620$1,840
FY 2026$740$870$1,080$1,440$1,670
FY 2025$720$800$1,050$1,320$1,630
FY 2024area FMR$613$733$905$1,227$1,454
FY 2023area FMR$575$628$826$1,037$1,347

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Tripp County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 57533
57528$1,010−13.7%
57529$1,100−6.0%
57533Current$1,170—
57534$1,010−13.7%
57541$1,010−13.7%
57580$1,070−8.5%
57584$1,070−8.5%

Questions about ZIP 57533 rents

How much will Section 8 pay for a two-bedroom in ZIP 57533?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 57533 in?

ZIP 57533 is in the Tripp County, SD non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 57533 for FY 2027?

The two-bedroom FMR rose 8.3%, from $1,080 in FY 2026 to $1,170 in FY 2027. Since FY 2025 it has risen 11.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentGregory, SD fair market rentSD statewide rentsWhat is SAFMR?Data sources