FY2027 Small Area FMR · Egan, SD

ZIP 57024 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57024 (Egan, SD) is $1,060 a month, up 12.8% from FY2026. That is 5% above the Moody County, SD area-wide FMR of $1,014.

2-bedroom SAFMR$1,060per month ▲ 12.8%

Area-wide 2 BR FMR$1,014Moody County, SD

Rank in the area5thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$740▲ 13.8%

1 BR$850▲ 18.1%

2 BR$1,060▲ 12.8%

3 BR$1,410▲ 11.9%

4 BR$1,770▲ 21.2%

FY2027 FY2026

Where 57024 sits in the Moody County, SD area

Of the 12 ZIP codes HUD lists for the area, 57024 has the 5th highest two-bedroom Small Area FMR. Moody County, 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$740	$666 – $814	$706	$650
1 bedroom	$850	$765 – $935	$817	$720
2 bedrooms	$1,060	$954 – $1,166	$1,014	$940
3 bedrooms	$1,410	$1,269 – $1,551	$1,347	$1,260
4 bedrooms	$1,770	$1,593 – $1,947	$1,694	$1,460

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $102,100 and the 80% low-income limit for four people is $81,700. ZIP code 57024 lies mainly in Moody County. See the Moody County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57028	Flandreau	6.4 mi	$1,030
57065	Trent	6.6 mi	$1,010
57017	Colman	7.2 mi	$1,010
57022	Dell Rapids	10.3 mi	$1,150
57075	Wentworth	14.0 mi	$1,080
57016	Chester	15.2 mi	$1,410

Questions

What is the Fair Market Rent for ZIP code 57024?

HUD's FY2027 Small Area Fair Market Rents for 57024 are $740 (studio), $850 (1 BR), $1,060 (2 BR), $1,410 (3 BR) and $1,770 (4 BR) a month.

What is the Section 8 payment standard in 57024?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57024 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57024?

The FY2026 income limits of the Moody County, SD area apply: median family income $102,100, low-income (80%) limit $81,700 for a family of four.