FY2027 Small Area FMR · Amherst, SD

ZIP 57421 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57421 (Amherst, SD) is $1,020 a month, up 9.7% from FY2026. That is 1% above the Marshall County, SD area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 9.7%

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

Rank in the area3rdof 9 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$710▲ 10.9%

1 BR$780▲ 9.9%

2 BR$1,020▲ 9.7%

3 BR$1,390▲ 8.6%

4 BR$1,610▲ 11.8%

FY2027 FY2026

Where 57421 sits in the Marshall County, SD area

Of the 9 ZIP codes HUD lists for the area, 57421 has the 3rd highest two-bedroom Small Area FMR. Marshall 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	$710	$639 – $781	$706	$640
1 bedroom	$780	$702 – $858	$775	$710
2 bedrooms	$1,020	$918 – $1,122	$1,014	$930
3 bedrooms	$1,390	$1,251 – $1,529	$1,384	$1,280
4 bedrooms	$1,610	$1,449 – $1,771	$1,599	$1,440

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 $112,200 and the 80% low-income limit for four people is $89,750. ZIP code 57421 lies mainly in Marshall County. See the Marshall County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57432	Claremont	7.8 mi	$1,010
57430	Britton	9.9 mi	$1,020
57454	Langford	11.7 mi	$1,010
57449	Houghton	13.0 mi	$1,010
57446	Hecla	14.3 mi	$1,010
57468	Pierpont	19.1 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 57421?

HUD's FY2027 Small Area Fair Market Rents for 57421 are $710 (studio), $780 (1 BR), $1,020 (2 BR), $1,390 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 57421?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57421 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 57421?

The FY2026 income limits of the Marshall County, SD area apply: median family income $112,200, low-income (80%) limit $89,750 for a family of four.