FY2027 Small Area FMR · Crooks, SD

ZIP 57020 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57020 (Crooks, SD) is $1,400 a month, up 7.7% from FY2026. That is 14% above the Sioux Falls, SD area-wide FMR of $1,228.

2-bedroom SAFMR$1,400per month ▲ 7.7%

Area-wide 2 BR FMR$1,228Sioux Falls, SD

Rank in the area7thof 53 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,260

2 BR Small Area FMR$1,400

110% of SAFMR$1,540

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,070▲ 10.3%

1 BR$1,190▲ 7.2%

2 BR$1,400▲ 7.7%

3 BR$1,930▲ 8.4%

4 BR$2,340▲ 7.3%

FY2027 FY2026

Where 57020 sits in the Sioux Falls, SD area

Of the 53 ZIP codes HUD lists for the area, 57020 has the 7th highest two-bedroom Small Area FMR. Sioux Falls, SD is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,228 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,400 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,070	$963 – $1,177	$941	$970
1 bedroom	$1,190	$1,071 – $1,309	$1,044	$1,110
2 bedrooms	$1,400	$1,260 – $1,540	$1,228	$1,300
3 bedrooms	$1,930	$1,737 – $2,123	$1,694	$1,780
4 bedrooms	$2,340	$2,106 – $2,574	$2,053	$2,180

A household renting a two-bedroom home at the Small Area FMR of $1,400 needs about $56,000 a year to keep housing costs at 30% of income. The area median family income is $118,700 and the 80% low-income limit for four people is $94,950. ZIP code 57020 lies mainly in Minnehaha County. See the Sioux Falls, SD metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57055	Renner	3.9 mi	$1,290
57041	Lyons	4.1 mi	$1,160
57003	Baltic	5.5 mi	$1,470
57107	Sioux Falls	5.8 mi	$1,320
57104	Sioux Falls	7.7 mi	$1,120
57033	Hartford	8.3 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 57020?

HUD's FY2027 Small Area Fair Market Rents for 57020 are $1,070 (studio), $1,190 (1 BR), $1,400 (2 BR), $1,930 (3 BR) and $2,340 (4 BR) a month.

What is the Section 8 payment standard in 57020?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57020 that range is $1,260 to $1,540 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57020?

The FY2026 income limits of the Sioux Falls, SD area apply: median family income $118,700, low-income (80%) limit $94,950 for a family of four.