FY2027 Small Area FMR · Fulton, SD
ZIP 57340 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57340 (Fulton, SD) is $1,090 a month, up 11.2% from FY2026. That is 7% above the Hanson 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 57340 sits in the Hanson County, SD area
Of the 9 ZIP codes HUD lists for the area, 57340 has the 2nd highest two-bedroom Small Area FMR. Hanson 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 $1,090 for this ZIP code instead.
ZIP code 57340 crosses more than one HUD area. HUD also lists it under Miner 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 | $760 | $684 – $836 | $706 | $680 |
| 1 bedroom | $920 | $828 – $1,012 | $911 | $800 |
| 2 bedrooms | $1,090 | $981 – $1,199 | $1,014 | $980 |
| 3 bedrooms | $1,510 | $1,359 – $1,661 | $1,404 | $1,360 |
| 4 bedrooms | $1,770 | $1,593 – $1,947 | $1,599 | $1,580 |
A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $101,300 and the 80% low-income limit for four people is $81,200. ZIP code 57340 lies mainly in Hanson County and Miner County. See the Hanson 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 57340?
HUD's FY2027 Small Area Fair Market Rents for 57340 are $760 (studio), $920 (1 BR), $1,090 (2 BR), $1,510 (3 BR) and $1,770 (4 BR) a month.
What is the Section 8 payment standard in 57340?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57340 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 57340?
The FY2026 income limits of the Hanson County, SD area apply: median family income $101,300, low-income (80%) limit $81,200 for a family of four.