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Meade County/White Owl/57792

57792

ZIPSAFMR
Meade County, SD
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,040$1,040
2 BR$1,360$1,360
3 BR$1,880$1,880
4 BR$2,270$2,270
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMRUsed$1,360
Market rentN/A
Est. payment standardN/A
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
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 57792 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 57792 (White Owl, SD) is $1,360 a month. That is up 7.1% from $1,270 in FY 2026. White Owl is in the Meade County, SD HUD Metro 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 metro-wide two-bedroom FMR of $1,357. Among 19 ZIP codes in Meade County, 57792 is tied for the 6th-highest two-bedroom rent (county range $1,150–$1,820). The median county two-bedroom FMR in South Dakota is $1,033, so ZIP 57792 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 57792
BedroomsFY 2027Change90–110% range
Studio$950+8.0%$855–$1,045
1BR$1,040+7.2%$936–$1,144
2BR$1,360+7.1%$1,224–$1,496
3BR$1,880+6.2%$1,692–$2,068
4BR$2,270+6.6%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 57792
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,040$1,360$1,880$2,270
FY 2026$880$970$1,270$1,770$2,130
FY 2025$750$840$1,100$1,510$1,850
FY 2024$790$880$1,160$1,550$1,970
FY 2023$570$650$850$1,140$1,420

Two-bedroom rent in nearby Meade County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 57792
57741$1,150−15.4%
57748$1,180−13.2%
57758$1,320−2.9%
57761$1,210−11.0%
57767$1,210−11.0%
57769$1,410+3.7%
57785$1,150−15.4%
57787$1,3600.0%
57788$1,150−15.4%
57791$1,400+2.9%
57792Current$1,360—
57793$1,150−15.4%

Questions about ZIP 57792 rents

How much will Section 8 pay for a two-bedroom in ZIP 57792?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,357, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,221 to $1,493 a month; under the ZIP-level Small Area FMR of $1,360 it would be $1,224 to $1,496. 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 57792 in?

ZIP 57792 is in the Meade County, SD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,357.

How much did fair market rent change in ZIP 57792 for FY 2027?

The two-bedroom FMR rose 7.1%, from $1,270 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 60.0%.

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 rentWhite Owl, SD fair market rentSD statewide rentsWhat is SAFMR?Data sources