FY2027 Small Area FMR · Parker, SD
ZIP 57053 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57053 (Parker, SD) is $1,260 a month, up 13.5% from FY2026. That is 3% above the Sioux Falls, SD area-wide FMR of $1,228.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 57053 sits in the Sioux Falls, SD area
Of the 53 ZIP codes HUD lists for the area, 57053 has the 14th 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 $1,260 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $970 | $873 – $1,067 | $941 | $830 |
| 1 bedroom | $1,070 | $963 – $1,177 | $1,044 | $950 |
| 2 bedrooms | $1,260 | $1,134 – $1,386 | $1,228 | $1,110 |
| 3 bedrooms | $1,740 | $1,566 – $1,914 | $1,694 | $1,520 |
| 4 bedrooms | $2,110 | $1,899 – $2,321 | $2,053 | $1,860 |
A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 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 57053 lies mainly in Turner County, McCook County and Minnehaha County. See the Sioux Falls, SD metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 57053?
HUD's FY2027 Small Area Fair Market Rents for 57053 are $970 (studio), $1,070 (1 BR), $1,260 (2 BR), $1,740 (3 BR) and $2,110 (4 BR) a month.
What is the Section 8 payment standard in 57053?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57053 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 57053?
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.