FY2027 Small Area FMR · Kennebec, SD

ZIP 57544 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57544 (Kennebec, SD) is $1,090 a month, up 3.8% from FY2026. That is 0% equal to the Lyman County, SD area-wide FMR of $1,086.

2-bedroom SAFMR$1,090per month ▲ 3.8%

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

Rank in the area6thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$760▲ 5.6%

1 BR$830▲ 3.8%

2 BR$1,090▲ 3.8%

3 BR$1,300▲ 3.2%

4 BR$1,720▲ 5.5%

FY2027 FY2026

Where 57544 sits in the Lyman County, SD area

Of the 9 ZIP codes HUD lists for the area, 57544 has the 6th 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 $1,090 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	$760	$684 – $836	$756	$720
1 bedroom	$830	$747 – $913	$830	$800
2 bedrooms	$1,090	$981 – $1,199	$1,086	$1,050
3 bedrooms	$1,300	$1,170 – $1,430	$1,294	$1,260
4 bedrooms	$1,720	$1,548 – $1,892	$1,713	$1,630

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 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 57544 lies mainly in Lyman County and Tripp 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
57568	Presho	9.2 mi	$1,040
57548	Lower Brule	15.9 mi	$1,030
57569	Reliance	18.6 mi	$1,110
57576	Vivian	19.3 mi	$1,100
57541	Ideal	24.3 mi	$1,010
57346	Stephan	25.5 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 57544?

HUD's FY2027 Small Area Fair Market Rents for 57544 are $760 (studio), $830 (1 BR), $1,090 (2 BR), $1,300 (3 BR) and $1,720 (4 BR) a month.

What is the Section 8 payment standard in 57544?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57544 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57544?

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.