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Rental Insights for ZIP Code 57738 (Fairburn, SD)

Housing Rentals in ZIP Code 57738 (Fairburn, SD)

57738 ZIP Code in South Dakota

A Deep Analysis of Housing Rentals in the ZIP Code 57738

The 57738 ZIP Code is principally located in Fairburn, SD in Custer County. The estimated median housing rent in this region of South Dakota is $1,042 per month. Approximately 7.0% of housing units in this Custer County ZIP Code are occupied by renters, while the region has an estimated rental unit vacancy rate of zero.

The median rent in ZIP Code 57738 of $1,042 per month is 39% higher than the aggregate South Dakota median monthly rent of $747, and is 2% lower than the $1,062 the median monthly rent in the U.S. overall. An estimated 60.0% of renters in ZIP Code 57738 pay between $1,000 and $1,499 per month for housing. That is 241% higher than in South Dakota overall, in which 17.6% of total state residents pay between $1,000 and $1,499 per month for housing. Only 40.0% of renters in this Fairburn, SD region pay between $500 and $999 per month for rent.

ZIP Code 57738 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 57738

See the chart below for a comparison of monthly rental costs in ZIP Code 57738, South Dakota, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 57738 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 57738

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

Cost ZIP 57738 South Dakota U.S.
Less than $500 0.0% 19.7% 9.4%
$500 to $999 40.0% 57.6% 36.2%
$1,000 to $1,499 60.0% 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 57738

Renters in ZIP Code 57738 use an estimated 24% of their income to cover their monthly rent payments. That is about 11% 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 57738 renters use about 20% less of their income to cover rent expense. Household income figures for ZIP Code 57738 come in lower than in South Dakota as a whole. The median annual household income in ZIP Code 57738 of $43,681 sits approximately 25% lower than the overall South Dakota median income of $58,275 and approximately 30% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 57738

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 57738, 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 57738 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 57738

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

Rent Cost as % of Income ZIP 57738 South Dakota U.S.
Less than 15.0 percent 20.0% 18.8% 13.1%
15.0 to 19.9 percent 0.0% 15.6% 12.9%
20.0 to 24.9 percent 60.0% 14.5% 12.9%
25.0 to 29.9 percent 0.0% 11.2% 11.6%
30.0 to 34.9 percent 0.0% 8.6% 9.1%
35.0 percent or more 20.0% 31.3% 40.5%

Household Income in ZIP Code 57738

See the table below for the regional comparison of annual household income in ZIP Code 57738.

Income ZIP 57738 South Dakota U.S.
Less than $10,000 0.0% 5.4% 6.0%
$10,000 to $14,999 0.0% 4.5% 4.3%
$15,000 to $24,999 26.8% 9.0% 8.9%
$25,000 to $34,999 2.8% 10.2% 8.9%
$35,000 to $49,999 40.8% 13.6% 12.3%
$50,000 to $74,999 15.5% 19.4% 17.2%
$75,000 to $99,999 4.2% 14.6% 12.7%
$100,000 to $149,999 9.9% 14.4% 15.1%
$150,000 to $199,999 0.0% 4.7% 6.8%
$200,000 or more 0.0% 4.2% 7.7%

Household Income in ZIP Code 57738

See the chart below for a comparison of annual household income figures in ZIP Code 57738, South Dakota, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 57738 alongside the same figures for the state of South Dakota and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 57738

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 57738.

ZIP 57738 South Dakota U.S.
Median Housing Rent $1,042 $747 $1,062
Renter-Occupied Housing Units 7.0% 32.2% 36.0%
Rental Vacancy Rate 0.0% 6.7% 6.0%
Average Size of Renter-Occupied Unit 3.00 2.20 2.49
Average # of Bedrooms Per Unit 2.29 2.91 2.75
Percent of Income Spent on Rent 24% 27.05% 29.83%
Per Capita Income $28,209 $30,773 $34,103
Median Household Income $48,445 $76,240 $88,607
Living Below the Poverty Line 9.7% 8.1% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 57738

In ZIP Code 57738 (Fairburn, SD), and estimated 7.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 0.0%.

The per capita income in 57738 is estimated at $28,209, which goes along with an estimated median household income of $48,445. About 9.7% of residents in this Custer County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.00 occupants, while the units have an aggregate average size of 2.29 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 24% of their income on housing rental costs.

Rental FAQs for ZIP Code 57738

1

What is the median monthly rent in ZIP Code 57738?

Median rent for housing in ZIP Code 57738 in Custer County in South Dakota is approximately $1,042 per month.
2

Is it expensive to rent in ZIP Code 57738?

Rent in ZIP Code 57738 is higher than average in the state of South Dakota overall. The median monthly rent of $1,042 in ZIP Code 57738 is approximately 39% higher than the South Dakota median of $747. Additionally, median rent in this Fairburn, SD region ($1,042) is about 2% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 57738?

High-priced rentals are not common in the Fairburn, SD ZIP Code of 57738, 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 57738?

Affordable rentals are less common in ZIP Code 57738 than in South Dakota overall. The percentage of housing rentals in ZIP Code 57738 costing $999 or less per month (40%) is approximately 48% lower 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 12% higher than the previously mentioned 57738 rate of 40%.
5

What is the most common cost range that rentals fall into in ZIP Code 57738?

The most common range for rental cost in ZIP Code 57738 is between $1,000 and $1,499 per month. About 60.0% of renters in 57738 pay in this range for monthly rent. In comparison, approximately 17.6% of renters in the state of South Dakota fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 57738 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 57738 is lower than the rental vacancy rate in the state of South Dakota overall. Rental vacancy of 0.0% in ZIP Code 57738 is about 100% lower than the South Dakota rate of 6.7%. Looking more broadly, rental vacancy in this Fairburn, SD region (0.0%) is an estimated 100% 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 57738? How does it compare to other South Dakota regions?

Median household income in ZIP Code 57738 is lower than in the state of South Dakota overall. Annual household income of $43,681 in ZIP Code 57738 is about 25% lower than the South Dakota median of $58,275. Additionally, median household income in this Fairburn, SD region ($43,681) is approximately 30% 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 57738 spend on housing costs?

Renters in ZIP Code 57738 spend a lower amount of their income on rent costs than do renters in South Dakota overall. Renters in ZIP Code 57738 spend an estimated 24% of their income on rent payments, which is about 11% 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 20% higher than the ZIP Code 57738 estimated rate of 24%.
9

Do renters in ZIP Code 57738 typically spend a large portion of their income on rent payments?

It is uncommon for renters in ZIP Code 57738 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 57738 spending 30 percent or more of their income on rent costs (20%) is approximately 50% 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 60% higher than the aforementioned 57738 rate of 20%.
10

What is the average household size of renter-occupied units in ZIP Code 57738?

The average household size of renter-occupied units in ZIP Code 57738 is higher than in the state of South Dakota overall. Annual household size of 3.00 in ZIP Code 57738 is about 36% higher than the South Dakota median of 2.20. Additionally, median household size in this Fairburn, SD region (3.00) is approximately 20% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other South Dakota ZIP Codes