FY2027 Small Area FMR · Pierpont, SD

ZIP 57468 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57468 (Pierpont, SD) is $1,030 a month, up 10.8% from FY2026. That is 2% above the Day County, SD area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 10.8%

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

Rank in the area8thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$720▲ 12.5%

1 BR$840▲ 15.1%

2 BR$1,030▲ 10.8%

3 BR$1,420▲ 10.1%

4 BR$1,620▲ 12.5%

FY2027 FY2026

Where 57468 sits in the Day County, SD area

Of the 13 ZIP codes HUD lists for the area, 57468 has the 8th highest two-bedroom Small Area FMR. Day 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 $1,030 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	$720	$648 – $792	$706	$640
1 bedroom	$840	$756 – $924	$858	$730
2 bedrooms	$1,030	$927 – $1,133	$1,014	$930
3 bedrooms	$1,420	$1,278 – $1,562	$1,404	$1,290
4 bedrooms	$1,620	$1,458 – $1,782	$1,599	$1,440

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $95,600 and the 80% low-income limit for four people is $76,500. ZIP code 57468 lies mainly in Day County. See the Day County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57454	Langford	7.7 mi	$1,010
57422	Andover	9.2 mi	$1,110
57261	Roslyn	12.9 mi	$1,010
57219	Bristol	14.6 mi	$1,070
57274	Webster	16.1 mi	$1,010
57445	Groton	17.4 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 57468?

HUD's FY2027 Small Area Fair Market Rents for 57468 are $720 (studio), $840 (1 BR), $1,030 (2 BR), $1,420 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 57468?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57468 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57468?

The FY2026 income limits of the Day County, SD area apply: median family income $95,600, low-income (80%) limit $76,500 for a family of four.