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Rental Insights for ZIP Code 57566 (Parmelee, SD)

Housing Rentals in ZIP Code 57566 (Parmelee, SD)

57566 ZIP Code in South Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 57566

The 57566 ZIP Code is principally located in Parmelee, SD in Todd County. The estimated median housing rent in this region of South Dakota is $463 per month. About 58.2% of total housing units in this Todd County ZIP Code are occupied by renters, while the estimated rental vacancy rate is 5.1%.

The median rent in ZIP Code 57566 of $463 per month is 38% lower than the aggregate South Dakota median monthly rent of $747, and is 56% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 60.0% of residents in ZIP Code 57566 have a monthly rent payment less than $500. That is 205% higher than in South Dakota overall, in which 19.7% of total state residents pay less than $500 per month for housing. Just 40.0% of ZIP Code 57566 renters pay between $500 and $999 for monthly rent.

ZIP Code 57566 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 57566

See the chart below for a comparison of monthly rental costs in ZIP Code 57566, South Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 57566 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 57566

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

Cost ZIP 57566 South Dakota U.S.
Less than $500 60.0% 19.7% 9.4%
$500 to $999 40.0% 57.6% 36.2%
$1,000 to $1,499 0.0% 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 57566

Renters in ZIP Code 57566 use an estimated 25.61% of their income to cover their monthly rent payments. That is about 5% lower 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 57566 renters use about 14% less of their income to cover rent expense. Household income figures for ZIP Code 57566 come in lower than in South Dakota as a whole. The median annual household income in ZIP Code 57566 of $25,202 sits approximately 57% lower than the overall South Dakota median income of $58,275 and approximately 60% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 57566

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 57566, 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 57566 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 57566

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

Rent Cost as % of Income ZIP 57566 South Dakota U.S.
Less than 15.0 percent 10.0% 18.8% 13.1%
15.0 to 19.9 percent 30.0% 15.6% 12.9%
20.0 to 24.9 percent 26.4% 14.5% 12.9%
25.0 to 29.9 percent 0.0% 11.2% 11.6%
30.0 to 34.9 percent 8.6% 8.6% 9.1%
35.0 percent or more 25.0% 31.3% 40.5%

Household Income in ZIP Code 57566

See the table below for the regional comparison of annual household income in ZIP Code 57566.

Income ZIP 57566 South Dakota U.S.
Less than $10,000 31.7% 5.4% 6.0%
$10,000 to $14,999 5.6% 4.5% 4.3%
$15,000 to $24,999 11.8% 9.0% 8.9%
$25,000 to $34,999 24.0% 10.2% 8.9%
$35,000 to $49,999 16.0% 13.6% 12.3%
$50,000 to $74,999 5.6% 19.4% 17.2%
$75,000 to $99,999 2.8% 14.6% 12.7%
$100,000 to $149,999 0.0% 14.4% 15.1%
$150,000 to $199,999 0.0% 4.7% 6.8%
$200,000 or more 2.4% 4.2% 7.7%

Household Income in ZIP Code 57566

See the chart below for a comparison of annual household income figures in ZIP Code 57566, South Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 57566 alongside the same figures for the state of South Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 57566

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 57566.

ZIP 57566 South Dakota U.S.
Median Housing Rent $463 $747 $1,062
Renter-Occupied Housing Units 58.2% 32.2% 36.0%
Rental Vacancy Rate 5.1% 6.7% 6.0%
Average Size of Renter-Occupied Unit 5.20 2.20 2.49
Average # of Bedrooms Per Unit 3.09 2.91 2.75
Percent of Income Spent on Rent 25.61% 27.05% 29.83%
Per Capita Income $7,745 $30,773 $34,103
Median Household Income $32,091 $76,240 $88,607
Living Below the Poverty Line 43.4% 8.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 57566

In ZIP Code 57566 (Parmelee, SD), and estimated 58.2% of housing units are occupied by renters. This region has an approximate rental vacany rate of 5.1%.

The per capita income in 57566 is estimated at $7,745, which goes along with an estimated median household income of $32,091. About 43.4% of residents in this Todd County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 5.20 occupants, while the units have an aggregate average size of 3.09 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 25.61% of their income on housing rental costs.

Rental FAQs for ZIP Code 57566

1

What is the median monthly rent in ZIP Code 57566?

Median rent for housing in ZIP Code 57566 in Todd County in South Dakota is approximately $463 per month.
2

Is it expensive to rent in ZIP Code 57566?

Rent in ZIP Code 57566 is lower than average in the state of South Dakota overall. The median monthly rent of $463 in ZIP Code 57566 is approximately 38% lower than the South Dakota median of $747. Additionally, median rent in this Parmelee, SD region ($463) is about 56% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 57566?

High-priced rentals are not common in the Parmelee, SD ZIP Code of 57566, 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 57566?

Affordable rentals are more common in ZIP Code 57566 than in South Dakota overall. The percentage of housing rentals in ZIP Code 57566 costing $999 or less per month (100%) is approximately 29% 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 119% lower than the previously mentioned 57566 rate of 100%.
5

What is the most common cost range that rentals fall into in ZIP Code 57566?

The most common range for rental cost in ZIP Code 57566 is less than $500 per month. About 60.0% of renters in 57566 pay in this range for monthly rent. In comparison, approximately 19.7% of renters in the state of South Dakota fall in the less than $500 range, and 9.4% of overall U.S. renters fall in this range.
6

Does ZIP Code 57566 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 57566 is lower than the rental vacancy rate in the state of South Dakota overall. Rental vacancy of 5.1% in ZIP Code 57566 is about 24% lower than the South Dakota rate of 6.7%. Looking more broadly, rental vacancy in this Parmelee, SD region (5.1%) is an estimated 15% 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 57566? How does it compare to other South Dakota regions?

Median household income in ZIP Code 57566 is lower than in the state of South Dakota overall. Annual household income of $25,202 in ZIP Code 57566 is about 57% lower than the South Dakota median of $58,275. Additionally, median household income in this Parmelee, SD region ($25,202) is approximately 60% 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 57566 spend on housing costs?

Renters in ZIP Code 57566 spend a lower amount of their income on rent costs than do renters in South Dakota overall. Renters in ZIP Code 57566 spend an estimated 25.61% of their income on rent payments, which is about 5% lower 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 14% higher than the ZIP Code 57566 estimated rate of 25.61%.
9

Do renters in ZIP Code 57566 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 57566 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 57566 spending 30 percent or more of their income on rent costs (33.6%) is approximately 16% lower 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 32% higher than the aforementioned 57566 rate of 33.6%.
10

What is the average household size of renter-occupied units in ZIP Code 57566?

The average household size of renter-occupied units in ZIP Code 57566 is higher than in the state of South Dakota overall. Annual household size of 5.20 in ZIP Code 57566 is about 136% higher than the South Dakota median of 2.20. Additionally, median household size in this Parmelee, SD region (5.20) is approximately 109% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Dakota ZIP Codes