FY2027 Small Area FMR · De Smet, SD

ZIP 57231 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57231 (De Smet, SD) is $1,030 a month, up 6.2% from FY2026. That is 1% below the Kingsbury County, SD area-wide FMR of $1,036.

2-bedroom SAFMR$1,030per month ▲ 6.2%

Area-wide 2 BR FMR$1,036Kingsbury County, SD

Rank in the area10thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$720▲ 7.5%

1 BR$790▲ 6.8%

2 BR$1,030▲ 6.2%

3 BR$1,230▲ 6.0%

4 BR$1,620▲ 8.0%

FY2027 FY2026

Where 57231 sits in the Kingsbury County, SD area

Of the 12 ZIP codes HUD lists for the area, 57231 has the 10th highest two-bedroom Small Area FMR. Kingsbury 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 $1,036 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$720	$648 – $792	$721	$670
1 bedroom	$790	$711 – $869	$792	$740
2 bedrooms	$1,030	$927 – $1,133	$1,036	$970
3 bedrooms	$1,230	$1,107 – $1,353	$1,234	$1,160
4 bedrooms	$1,620	$1,458 – $1,782	$1,634	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $101,400 and the 80% low-income limit for four people is $81,100. ZIP code 57231 lies mainly in Kingsbury County. See the Kingsbury County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57249	Lake Preston	10.1 mi	$1,010
57353	Iroquois	13.3 mi	$1,100
57233	Erwin	13.5 mi	$1,050
57051	Oldham	14.6 mi	$1,030
57323	Carthage	16.5 mi	$1,080
57221	Bryant	17.2 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 57231?

HUD's FY2027 Small Area Fair Market Rents for 57231 are $720 (studio), $790 (1 BR), $1,030 (2 BR), $1,230 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 57231?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57231 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57231?

The FY2026 income limits of the Kingsbury County, SD area apply: median family income $101,400, low-income (80%) limit $81,100 for a family of four.