Housing market/South Dakota/ZIP 57005
ZIP 57005 Brandon, South Dakota
Sioux Falls, SD HUD Metro FMR Area · South Dakota. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 57005 · SD — sent to you.
ZIP 57005 · SD
ACS rent vs 2BR SAFMR
ZIP 57005 — Brandon, SD HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 57005
- 1-unit detached3,70679.0%
- 1-unit attached2385.1%
- 2–4 units1102.3%
- 5–49 units4629.8%
- 50+ units1653.5%
- Mobile120.3%
2–4 unit share 2.3% · 5–49 unit share 9.8% · combined 2–49 12.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $985 (all bedrooms, occupied rentals).
- Median contract rent $884.
- Renters paying ≥30% of income 25.8%; ≥50% 10.0%.
- FY2027 2BR SAFMR $1,240 (1.259× ACS median gross rent).
Population
12,140 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.0%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 7 projects, 217 units.
- HUD project-based assisted MF: 1 properties, 16 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 1,026 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 57005 19.0% of occupied households are renters; vacancy is 4.0%; ACS median gross rent is $985; population increased +5.0% between the 2018 and 2023 ACS vintages; the housing stock includes 110 units in 2–4-unit structures and 462 units in 5–49-unit structures; 7 LIHTC projects totaling 217 units; FY2027 2BR SAFMR is $1,240 versus ACS median gross rent of $985. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
South Dakota research
ZIP 57005 is a Census / HUD profile for Sioux Falls, SD. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 57005 — Brandon, SD HUD Section 8 Payment Standards / SAFMR·South Dakota ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is South Dakota research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 57005?
ZIP 57005 (Sioux Falls, SD HUD Metro FMR Area) has 12,140 residents, 4,505 households, a renter share of 19.0%, median household income of $108,689, and ACS 2023 median gross rent of $985. Vacancy is 4.0%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 57005?
ACS counts 10 units in 2-unit buildings, 100 in 3–4 unit buildings, 287 in 5–9, 86 in 10–19, and 89 in 20–49. Combined 2–49 unit stock is 572 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 57005?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,240. See the full schedule and 90–110% payment-standard band on the ZIP 57005 — Brandon, SD HUD Section 8 Payment Standards / SAFMR.
Does this South Dakota ZIP profile include Georgia listings?
No. ZIP 57005 is Census / HUD research for Sioux Falls, SD HUD Metro FMR Area. Jeff Crowe CRE does not list South Dakota property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.