FY2027 Small Area FMR · Davis, SD

ZIP 57021 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57021 (Davis, SD) is $1,110 a month, down 1.8% from FY2026. That is 10% below the Sioux Falls, SD area-wide FMR of $1,228.

2-bedroom SAFMR$1,110per month ▼ 1.8%

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

Rank in the area30thof 53 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$999

2 BR Small Area FMR$1,110

110% of SAFMR$1,221

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

Studio$850▲ 1.2%

1 BR$950▼ 1.0%

2 BR$1,110▼ 1.8%

3 BR$1,530▼ 1.3%

4 BR$1,860▼ 2.1%

FY2027 FY2026

Where 57021 sits in the Sioux Falls, SD area

Of the 53 ZIP codes HUD lists for the area, 57021 has the 30th 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 $1,110 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	$850	$765 – $935	$941	$840
1 bedroom	$950	$855 – $1,045	$1,044	$960
2 bedrooms	$1,110	$999 – $1,221	$1,228	$1,130
3 bedrooms	$1,530	$1,377 – $1,683	$1,694	$1,550
4 bedrooms	$1,860	$1,674 – $2,046	$2,053	$1,900

A household renting a two-bedroom home at the Small Area FMR of $1,110 needs about $44,400 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 57021 lies mainly in Turner 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
57039	Lennox	7.0 mi	$1,110
57036	Hurley	8.4 mi	$1,260
57014	Centerville	10.6 mi	$1,050
57015	Chancellor	10.6 mi	$1,050
57077	Worthing	11.5 mi	$1,360
57070	Viborg	11.7 mi	$1,050

Questions

What is the Fair Market Rent for ZIP code 57021?

HUD's FY2027 Small Area Fair Market Rents for 57021 are $850 (studio), $950 (1 BR), $1,110 (2 BR), $1,530 (3 BR) and $1,860 (4 BR) a month.

What is the Section 8 payment standard in 57021?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57021 that range is $999 to $1,221 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57021?

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.