FY2027 Small Area FMR · Stephan, SD

ZIP 57346 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57346 (Stephan, SD) is $1,080 a month, up 11.3% from FY2026. That is 7% above the Hyde County, SD area-wide FMR of $1,014.

2-bedroom SAFMR$1,080per month ▲ 11.3%

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

Rank in the area3rdof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$972

2 BR Small Area FMR$1,080

110% of SAFMR$1,188

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

Studio$750▲ 11.9%

1 BR$830▲ 12.2%

2 BR$1,080▲ 11.3%

3 BR$1,500▲ 22.0%

4 BR$1,700▲ 13.3%

FY2027 FY2026

Where 57346 sits in the Hyde County, SD area

Of the 6 ZIP codes HUD lists for the area, 57346 has the 3rd highest two-bedroom Small Area FMR. Hyde 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 $1,080 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	$750	$675 – $825	$706	$670
1 bedroom	$830	$747 – $913	$775	$740
2 bedrooms	$1,080	$972 – $1,188	$1,014	$970
3 bedrooms	$1,500	$1,350 – $1,650	$1,404	$1,230
4 bedrooms	$1,700	$1,530 – $1,870	$1,599	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $106,600 and the 80% low-income limit for four people is $85,300. ZIP code 57346 lies mainly in Hyde County. See the Hyde County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57548	Lower Brule	11.1 mi	$1,030
57339	Fort Thompson	13.2 mi	$1,410
57536	Harrold	14.0 mi	$1,090
57540	Holabird	19.1 mi	$1,100
57371	Ree Heights	20.1 mi	$1,040
57345	Highmore	24.5 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 57346?

HUD's FY2027 Small Area Fair Market Rents for 57346 are $750 (studio), $830 (1 BR), $1,080 (2 BR), $1,500 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 57346?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57346 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57346?

The FY2026 income limits of the Hyde County, SD area apply: median family income $106,600, low-income (80%) limit $85,300 for a family of four.