FY2027 Small Area FMR · Henry, SD
ZIP 57243 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57243 (Henry, SD) is $1,200 a month, up 14.3% from FY2026. That is 18% above the Clark County, SD area-wide FMR of $1,014.
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 57243 sits in the Clark County, SD area
Of the 13 ZIP codes HUD lists for the area, 57243 has the 1st highest two-bedroom Small Area FMR. Clark 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 $1,200 for this ZIP code instead.
ZIP code 57243 crosses more than one HUD area. HUD also lists it under Codington County, SD (same figures) and Hamlin County, SD (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $850 | $765 – $935 | $706 | $720 |
| 1 bedroom | $930 | $837 – $1,023 | $931 | $810 |
| 2 bedrooms | $1,200 | $1,080 – $1,320 | $1,014 | $1,050 |
| 3 bedrooms | $1,470 | $1,323 – $1,617 | $1,211 | $1,280 |
| 4 bedrooms | $1,680 | $1,512 – $1,848 | $1,599 | $1,540 |
A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $87,600 and the 80% low-income limit for four people is $75,600. ZIP code 57243 lies mainly in Codington County, Clark County and Hamlin County. See the Clark County, SD county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 57243?
HUD's FY2027 Small Area Fair Market Rents for 57243 are $850 (studio), $930 (1 BR), $1,200 (2 BR), $1,470 (3 BR) and $1,680 (4 BR) a month.
What is the Section 8 payment standard in 57243?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57243 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 57243?
The FY2026 income limits of the Clark County, SD area apply: median family income $87,600, low-income (80%) limit $75,600 for a family of four.