FY2027 Small Area FMR · Buffalo, SD

ZIP 57720 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57720 (Buffalo, SD) is $1,060 a month, up 11.6% from FY2026. That is 0% equal to the Harding County, SD area-wide FMR of $1,064.

2-bedroom SAFMR$1,060per month ▲ 11.6%

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

Rank in the area4thof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$740▲ 13.8%

1 BR$810▲ 12.5%

2 BR$1,060▲ 11.6%

3 BR$1,360▲ 12.4%

4 BR$1,670▲ 13.6%

FY2027 FY2026

Where 57720 sits in the Harding County, SD area

Of the 11 ZIP codes HUD lists for the area, 57720 has the 4th highest two-bedroom Small Area FMR. Harding 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 $1,060 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	$740	$666 – $814	$741	$650
1 bedroom	$810	$729 – $891	$813	$720
2 bedrooms	$1,060	$954 – $1,166	$1,064	$950
3 bedrooms	$1,360	$1,224 – $1,496	$1,368	$1,210
4 bedrooms	$1,670	$1,503 – $1,837	$1,678	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $92,900 and the 80% low-income limit for four people is $75,600. ZIP code 57720 lies mainly in Harding County. See the Harding County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57724	Camp Crook	18.4 mi	$1,120
59319	Capitol	22.0 mi	$1,260
57776	Redig	23.4 mi	$1,060
57755	Ludlow	25.1 mi	$1,030
57651	Reva	25.6 mi	$1,060
57650	Ralph	36.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 57720?

HUD's FY2027 Small Area Fair Market Rents for 57720 are $740 (studio), $810 (1 BR), $1,060 (2 BR), $1,360 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 57720?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57720 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57720?

The FY2026 income limits of the Harding County, SD area apply: median family income $92,900, low-income (80%) limit $75,600 for a family of four.