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Rental Insights for ZIP Code 57266 (Summit, SD)

Housing Rentals in ZIP Code 57266 (Summit, SD)

57266 ZIP Code in South Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 57266

The 57266 ZIP Code is principally located in Summit, SD in Roberts County. The estimated median housing rent in this region of South Dakota is $575 per month. About 24.3% of housing units in this Roberts County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 1.7%.

The median rent in ZIP Code 57266 of $575 per month is 23% lower than the aggregate South Dakota median monthly rent of $747, and is 46% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 64.7% of residents in ZIP Code 57266 have a monthly rent payment between $500 and $999. That is 12% higher than in South Dakota overall, in which 57.6% of total state residents pay between $500 and $999 per month for housing. Just 7.8% of renters in this Summit, SD region pay between $1,000 and $1,499 for monthly rent.

ZIP Code 57266 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 57266

See the chart below for a comparison of monthly rental costs in ZIP Code 57266, South Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 57266 along with those in the state of South Dakota and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 57266

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 57266 South Dakota U.S.
Less than $500 27.5% 19.7% 9.4%
$500 to $999 64.7% 57.6% 36.2%
$1,000 to $1,499 7.8% 17.6% 30.0%
$1,500 to $1,999 0.0% 3.3% 14.0%
$2,000 to $2,499 0.0% 0.7% 5.6%
$2,500 to $2,999 0.0% 0.4% 2.4%
$3,000 or more 0.0% 0.7% 2.4%

Rent Cost vs. Income in ZIP Code 57266

Renters in ZIP Code 57266 use an estimated 28.8% of their income to cover their monthly rent payments. That is about 6% higher than in South Dakota overall. The estimate for South Dakota overall is 27.05% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 57266 renters use about 3% less of their income to cover rent expense. Household income figures for ZIP Code 57266 come in lower than in South Dakota as a whole. The median annual household income in ZIP Code 57266 of $54,219 sits approximately 7% lower than the overall South Dakota median income of $58,275 and approximately 14% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 57266

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 57266, South Dakota, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 57266 along with the same calculations in the state of South Dakota and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 57266

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 57266 South Dakota U.S.
Less than 15.0 percent 13.7% 18.8% 13.1%
15.0 to 19.9 percent 17.6% 15.6% 12.9%
20.0 to 24.9 percent 15.7% 14.5% 12.9%
25.0 to 29.9 percent 5.9% 11.2% 11.6%
30.0 to 34.9 percent 7.8% 8.6% 9.1%
35.0 percent or more 39.2% 31.3% 40.5%

Household Income in ZIP Code 57266

See the table below for the regional comparison of annual household income in ZIP Code 57266.

Income ZIP 57266 South Dakota U.S.
Less than $10,000 5.5% 5.4% 6.0%
$10,000 to $14,999 8.5% 4.5% 4.3%
$15,000 to $24,999 11.5% 9.0% 8.9%
$25,000 to $34,999 10.2% 10.2% 8.9%
$35,000 to $49,999 11.1% 13.6% 12.3%
$50,000 to $74,999 16.2% 19.4% 17.2%
$75,000 to $99,999 17.4% 14.6% 12.7%
$100,000 to $149,999 14.5% 14.4% 15.1%
$150,000 to $199,999 2.6% 4.7% 6.8%
$200,000 or more 2.6% 4.2% 7.7%

Household Income in ZIP Code 57266

See the chart below for a comparison of annual household income figures in ZIP Code 57266, South Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 57266 alongside the same figures for the state of South Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 57266

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 57266.

ZIP 57266 South Dakota U.S.
Median Housing Rent $575 $747 $1,062
Renter-Occupied Housing Units 24.3% 32.2% 36.0%
Rental Vacancy Rate 1.7% 6.7% 6.0%
Average Size of Renter-Occupied Unit 3.07 2.20 2.49
Average # of Bedrooms Per Unit 3.04 2.91 2.75
Percent of Income Spent on Rent 28.8% 27.05% 29.83%
Per Capita Income $24,254 $30,773 $34,103
Median Household Income $66,015 $76,240 $88,607
Living Below the Poverty Line 16.9% 8.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 57266

In ZIP Code 57266 (Summit, SD), and estimated 24.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 1.7%.

The per capita income in 57266 is estimated at $24,254, which goes along with an estimated median household income of $66,015. About 16.9% of residents in this Roberts County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.07 occupants, while the units have an aggregate average size of 3.04 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 28.8% of their income on housing rental costs.

Rental FAQs for ZIP Code 57266

1

What is the median monthly rent in ZIP Code 57266?

Median rent for housing in ZIP Code 57266 in Roberts County in South Dakota is approximately $575 per month.
2

Is it expensive to rent in ZIP Code 57266?

Rent in ZIP Code 57266 is lower than average in the state of South Dakota overall. The median monthly rent of $575 in ZIP Code 57266 is approximately 23% lower than the South Dakota median of $747. Additionally, median rent in this Summit, SD region ($575) is about 46% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 57266?

High-priced rentals are not common in the Summit, SD ZIP Code of 57266, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of South Dakota overall, approximately 0.7% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 57266?

Affordable rentals are more common in ZIP Code 57266 than in South Dakota overall. The percentage of housing rentals in ZIP Code 57266 costing $999 or less per month (92.2%) is approximately 19% higher than the South Dakota rate of 77.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 102% lower than the previously mentioned 57266 rate of 92.2%.
5

What is the most common cost range that rentals fall into in ZIP Code 57266?

The most common range for rental cost in ZIP Code 57266 is between $500 and $999 per month. About 64.7% of renters in 57266 pay in this range for monthly rent. In comparison, approximately 57.6% of renters in the state of South Dakota fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 57266 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 57266 is lower than the rental vacancy rate in the state of South Dakota overall. Rental vacancy of 1.7% in ZIP Code 57266 is about 75% lower than the South Dakota rate of 6.7%. Looking more broadly, rental vacancy in this Summit, SD region (1.7%) is an estimated 72% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 57266? How does it compare to other South Dakota regions?

Median household income in ZIP Code 57266 is lower than in the state of South Dakota overall. Annual household income of $54,219 in ZIP Code 57266 is about 7% lower than the South Dakota median of $58,275. Additionally, median household income in this Summit, SD region ($54,219) is approximately 14% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 57266 spend on housing costs?

Renters in ZIP Code 57266 spend a higher amount of their income on rent costs than do renters in South Dakota overall. Renters in ZIP Code 57266 spend an estimated 28.8% of their income on rent payments, which is about 6% higher than the overall South Dakota estimated rate of 27.05%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 3% higher than the ZIP Code 57266 estimated rate of 28.8%.
9

Do renters in ZIP Code 57266 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 57266 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 57266 spending 30 percent or more of their income on rent costs (47%) is approximately 18% higher than the South Dakota rate of 39.9% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 5% higher than the aforementioned 57266 rate of 47%.
10

What is the average household size of renter-occupied units in ZIP Code 57266?

The average household size of renter-occupied units in ZIP Code 57266 is higher than in the state of South Dakota overall. Annual household size of 3.07 in ZIP Code 57266 is about 40% higher than the South Dakota median of 2.20. Additionally, median household size in this Summit, SD region (3.07) is approximately 23% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Dakota ZIP Codes