FY2027 Small Area FMR · Oacoma, SD

ZIP 57365 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57365 (Oacoma, SD) is $1,140 a month, up 14.0% from FY2026. That is 5% above the Lyman County, SD area-wide FMR of $1,086.

2-bedroom SAFMR$1,140per month ▲ 14.0%

Area-wide 2 BR FMR$1,086Lyman County, SD

Rank in the area3rdof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,026

2 BR Small Area FMR$1,140

110% of SAFMR$1,254

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

Studio$790▲ 14.5%

1 BR$870▲ 14.5%

2 BR$1,140▲ 14.0%

3 BR$1,360▲ 13.3%

4 BR$1,800▲ 16.1%

FY2027 FY2026

Where 57365 sits in the Lyman County, SD area

Of the 9 ZIP codes HUD lists for the area, 57365 has the 3rd highest two-bedroom Small Area FMR. Lyman 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 $1,086 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,140 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	$790	$711 – $869	$756	$690
1 bedroom	$870	$783 – $957	$830	$760
2 bedrooms	$1,140	$1,026 – $1,254	$1,086	$1,000
3 bedrooms	$1,360	$1,224 – $1,496	$1,294	$1,200
4 bedrooms	$1,800	$1,620 – $1,980	$1,713	$1,550

A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 a year to keep housing costs at 30% of income. The area median family income is $87,500 and the 80% low-income limit for four people is $75,600. ZIP code 57365 lies mainly in Lyman County. See the Lyman County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57325	Chamberlain	7.4 mi	$1,090
57569	Reliance	7.6 mi	$1,110
57370	Pukwana	12.6 mi	$1,120
57339	Fort Thompson	20.1 mi	$1,410
57534	Hamill	21.4 mi	$1,010
57548	Lower Brule	22.3 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 57365?

HUD's FY2027 Small Area Fair Market Rents for 57365 are $790 (studio), $870 (1 BR), $1,140 (2 BR), $1,360 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 57365?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57365 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57365?

The FY2026 income limits of the Lyman County, SD area apply: median family income $87,500, low-income (80%) limit $75,600 for a family of four.