FY2027 Small Area FMR · Hoven, SD
ZIP 57450 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57450 (Hoven, SD) is $1,270 a month, up 21.0% from FY2026. That is 3% below the Potter County, SD area-wide FMR of $1,305.
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 57450 sits in the Potter County, SD area
Of the 5 ZIP codes HUD lists for the area, 57450 has the 2nd highest two-bedroom Small Area FMR. Potter 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 $1,305 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,270 for this ZIP code instead.
ZIP code 57450 crosses more than one HUD area. HUD also lists it under Walworth 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 | $880 | $792 – $968 | $909 | $720 |
| 1 bedroom | $1,020 | $918 – $1,122 | $998 | $800 |
| 2 bedrooms | $1,270 | $1,143 – $1,397 | $1,305 | $1,050 |
| 3 bedrooms | $1,600 | $1,440 – $1,760 | $1,678 | $1,310 |
| 4 bedrooms | $1,980 | $1,782 – $2,178 | $2,058 | $1,610 |
A household renting a two-bedroom home at the Small Area FMR of $1,270 needs about $50,800 a year to keep housing costs at 30% of income. The area median family income is $98,200 and the 80% low-income limit for four people is $78,550. ZIP code 57450 lies mainly in Potter County and Walworth County. See the Potter 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 57450?
HUD's FY2027 Small Area Fair Market Rents for 57450 are $880 (studio), $1,020 (1 BR), $1,270 (2 BR), $1,600 (3 BR) and $1,980 (4 BR) a month.
What is the Section 8 payment standard in 57450?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57450 that range is $1,143 to $1,397 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 57450?
The FY2026 income limits of the Potter County, SD area apply: median family income $98,200, low-income (80%) limit $78,550 for a family of four.