FY2027 Small Area FMR · Kranzburg, SD

ZIP 57245 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57245 (Kranzburg, SD) is $1,190 a month, up 16.7% from FY2026. That is 3% below the Codington County, SD area-wide FMR of $1,233.

2-bedroom SAFMR$1,190per month ▲ 16.7%

Area-wide 2 BR FMR$1,233Codington County, SD

Rank in the area3rdof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,071

2 BR Small Area FMR$1,190

110% of SAFMR$1,309

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

Studio$830▲ 18.6%

1 BR$930▲ 19.2%

2 BR$1,190▲ 16.7%

3 BR$1,530▲ 15.9%

4 BR$1,740▲ 13.0%

FY2027 FY2026

Where 57245 sits in the Codington County, SD area

Of the 12 ZIP codes HUD lists for the area, 57245 has the 3rd highest two-bedroom Small Area FMR. Codington 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 $1,233 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,190 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	$830	$747 – $913	$871	$700
1 bedroom	$930	$837 – $1,023	$943	$780
2 bedrooms	$1,190	$1,071 – $1,309	$1,233	$1,020
3 bedrooms	$1,530	$1,377 – $1,683	$1,504	$1,320
4 bedrooms	$1,740	$1,566 – $1,914	$1,715	$1,540

A household renting a two-bedroom home at the Small Area FMR of $1,190 needs about $47,600 a year to keep housing costs at 30% of income. The area median family income is $97,500 and the 80% low-income limit for four people is $78,000. ZIP code 57245 lies mainly in Codington County. See the Codington County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57238	Goodwin	3.3 mi	$1,150
57201	Watertown	9.0 mi	$1,230
57265	Strandburg	9.3 mi	$1,140
57226	Clear Lake	12.5 mi	$1,010
57223	Castlewood	14.0 mi	$1,320
57264	Stockholm	15.8 mi	$1,180

Questions

What is the Fair Market Rent for ZIP code 57245?

HUD's FY2027 Small Area Fair Market Rents for 57245 are $830 (studio), $930 (1 BR), $1,190 (2 BR), $1,530 (3 BR) and $1,740 (4 BR) a month.

What is the Section 8 payment standard in 57245?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57245 that range is $1,071 to $1,309 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57245?

The FY2026 income limits of the Codington County, SD area apply: median family income $97,500, low-income (80%) limit $78,000 for a family of four.