FY2027 Small Area FMR · Wood, SD

ZIP 57585 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57585 (Wood, SD) is $1,100 a month, up 13.4% from FY2026. That is 3% above the Mellette County, SD area-wide FMR of $1,064.

2-bedroom SAFMR$1,100per month ▲ 13.4%

Area-wide 2 BR FMR$1,064Mellette County, SD

Rank in the area2ndof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$770▲ 14.9%

1 BR$850▲ 13.3%

2 BR$1,100▲ 13.4%

3 BR$1,440▲ 13.4%

4 BR$1,730▲ 15.3%

FY2027 FY2026

Where 57585 sits in the Mellette County, SD area

Of the 6 ZIP codes HUD lists for the area, 57585 has the 2nd highest two-bedroom Small Area FMR. Mellette 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 $1,064 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 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	$770	$693 – $847	$741	$670
1 bedroom	$850	$765 – $935	$813	$750
2 bedrooms	$1,100	$990 – $1,210	$1,064	$970
3 bedrooms	$1,440	$1,296 – $1,584	$1,368	$1,270
4 bedrooms	$1,730	$1,557 – $1,903	$1,678	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $58,000 and the 80% low-income limit for four people is $75,600. ZIP code 57585 lies mainly in Mellette County. See the Mellette County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57563	Okreek	12.2 mi	$1,040
57584	Witten	16.8 mi	$1,070
57579	White River	19.5 mi	$1,130
57555	Mission	22.9 mi	$1,010
57580	Winner	23.4 mi	$1,070
57541	Ideal	26.4 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 57585?

HUD's FY2027 Small Area Fair Market Rents for 57585 are $770 (studio), $850 (1 BR), $1,100 (2 BR), $1,440 (3 BR) and $1,730 (4 BR) a month.

What is the Section 8 payment standard in 57585?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57585 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57585?

The FY2026 income limits of the Mellette County, SD area apply: median family income $58,000, low-income (80%) limit $75,600 for a family of four.