FY2027 Small Area FMR · Nunda, SD

ZIP 57050 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57050 (Nunda, SD) is $1,150 a month, up 16.2% from FY2026. That is 0% equal to the Lake County, SD area-wide FMR of $1,154.

2-bedroom SAFMR$1,150per month ▲ 16.2%

Area-wide 2 BR FMR$1,154Lake County, SD

Rank in the area4thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$880▲ 17.3%

1 BR$910▲ 15.2%

2 BR$1,150▲ 16.2%

3 BR$1,520▲ 16.9%

4 BR$1,900▲ 15.2%

FY2027 FY2026

Where 57050 sits in the Lake County, SD area

Of the 15 ZIP codes HUD lists for the area, 57050 has the 4th highest two-bedroom Small Area FMR. Lake 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 $1,154 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 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	$880	$792 – $968	$804	$750
1 bedroom	$910	$819 – $1,001	$882	$790
2 bedrooms	$1,150	$1,035 – $1,265	$1,154	$990
3 bedrooms	$1,520	$1,368 – $1,672	$1,375	$1,300
4 bedrooms	$1,900	$1,710 – $2,090	$1,929	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $103,000 and the 80% low-income limit for four people is $82,400. ZIP code 57050 lies mainly in Lake County. See the Lake County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57057	Rutland	4.8 mi	$1,080
57061	Sinai	6.0 mi	$1,130
57071	Volga	8.6 mi	$1,180
57075	Wentworth	11.0 mi	$1,080
57054	Ramona	12.0 mi	$1,150
57042	Madison	13.6 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 57050?

HUD's FY2027 Small Area Fair Market Rents for 57050 are $880 (studio), $910 (1 BR), $1,150 (2 BR), $1,520 (3 BR) and $1,900 (4 BR) a month.

What is the Section 8 payment standard in 57050?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57050 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57050?

The FY2026 income limits of the Lake County, SD area apply: median family income $103,000, low-income (80%) limit $82,400 for a family of four.