FY2027 Small Area FMR · Bison, SD

ZIP 57620 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57620 (Bison, SD) is $1,250 a month, up 3.3% from FY2026. That is 21% above the Perkins County, SD area-wide FMR of $1,030.

2-bedroom SAFMR$1,250per month ▲ 3.3%

Area-wide 2 BR FMR$1,030Perkins County, SD

Rank in the area2ndof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,125

2 BR Small Area FMR$1,250

110% of SAFMR$1,375

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

Studio$870▲ 4.8%

1 BR$960▲ 2.1%

2 BR$1,250▲ 3.3%

3 BR$1,490▼ 5.7%

4 BR$1,970▲ 5.3%

FY2027 FY2026

Where 57620 sits in the Perkins County, SD area

Of the 9 ZIP codes HUD lists for the area, 57620 has the 2nd highest two-bedroom Small Area FMR. Perkins 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 $1,030 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,250 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	$870	$783 – $957	$717	$830
1 bedroom	$960	$864 – $1,056	$787	$940
2 bedrooms	$1,250	$1,125 – $1,375	$1,030	$1,210
3 bedrooms	$1,490	$1,341 – $1,639	$1,229	$1,580
4 bedrooms	$1,970	$1,773 – $2,167	$1,624	$1,870

A household renting a two-bedroom home at the Small Area FMR of $1,250 needs about $50,000 a year to keep housing costs at 30% of income. The area median family income is $90,000 and the 80% low-income limit for four people is $75,600. ZIP code 57620 lies mainly in Perkins County. See the Perkins County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57649	Prairie City	18.2 mi	$1,040
57644	Meadow	24.4 mi	$1,080
57640	Lodgepole	29.7 mi	$1,080
57651	Reva	30.3 mi	$1,060
57626	Faith	31.3 mi	$1,170
57758	Mud Butte	34.9 mi	$1,320

Questions

What is the Fair Market Rent for ZIP code 57620?

HUD's FY2027 Small Area Fair Market Rents for 57620 are $870 (studio), $960 (1 BR), $1,250 (2 BR), $1,490 (3 BR) and $1,970 (4 BR) a month.

What is the Section 8 payment standard in 57620?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57620 that range is $1,125 to $1,375 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57620?

The FY2026 income limits of the Perkins County, SD area apply: median family income $90,000, low-income (80%) limit $75,600 for a family of four.