FY2027 Small Area FMR · Fairfax, SD

ZIP 57335 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57335 (Fairfax, SD) is $1,020 a month, up 7.4% from FY2026. That is 1% above the Gregory County, SD area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 7.4%

Area-wide 2 BR FMR$1,014Gregory County, SD

Rank in the area4thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$760▲ 10.1%

1 BR$840▲ 10.5%

2 BR$1,020▲ 7.4%

3 BR$1,360▲ 9.7%

4 BR$1,670▲ 18.4%

FY2027 FY2026

Where 57335 sits in the Gregory County, SD area

Of the 8 ZIP codes HUD lists for the area, 57335 has the 4th highest two-bedroom Small Area FMR. Gregory 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 $1,020 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	$760	$684 – $836	$706	$690
1 bedroom	$840	$756 – $924	$856	$760
2 bedrooms	$1,020	$918 – $1,122	$1,014	$950
3 bedrooms	$1,360	$1,224 – $1,496	$1,404	$1,240
4 bedrooms	$1,670	$1,503 – $1,837	$1,599	$1,410

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $93,700 and the 80% low-income limit for four people is $75,600. ZIP code 57335 lies mainly in Gregory County. See the Gregory County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
68722	Butte	9.6 mi	$1,010
57317	Bonesteel	11.1 mi	$1,010
68719	Bristow	13.2 mi	$1,050
57367	Pickstown	13.4 mi	$1,090
57342	Geddes	13.8 mi	$1,050
68777	Spencer	14.2 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 57335?

HUD's FY2027 Small Area Fair Market Rents for 57335 are $760 (studio), $840 (1 BR), $1,020 (2 BR), $1,360 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 57335?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57335 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57335?

The FY2026 income limits of the Gregory County, SD area apply: median family income $93,700, low-income (80%) limit $75,600 for a family of four.