FY2027 Small Area FMR · Nisland, SD

ZIP 57762 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57762 (Nisland, SD) is $1,150 a month, up 6.5% from FY2026. That is 10% below the Butte County, SD area-wide FMR of $1,278.

2-bedroom SAFMR$1,150per month ▲ 6.5%

Area-wide 2 BR FMR$1,278Butte County, SD

Rank in the area6thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$800▲ 8.1%

1 BR$880▲ 7.3%

2 BR$1,150▲ 6.5%

3 BR$1,370▲ 6.2%

4 BR$1,810▲ 8.4%

FY2027 FY2026

Where 57762 sits in the Butte County, SD area

Of the 8 ZIP codes HUD lists for the area, 57762 has the 6th highest two-bedroom Small Area FMR. Butte 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 $1,278 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 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	$800	$720 – $880	$890	$740
1 bedroom	$880	$792 – $968	$977	$820
2 bedrooms	$1,150	$1,035 – $1,265	$1,278	$1,080
3 bedrooms	$1,370	$1,233 – $1,507	$1,523	$1,290
4 bedrooms	$1,810	$1,629 – $1,991	$2,015	$1,670

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $104,900 and the 80% low-income limit for four people is $83,900. ZIP code 57762 lies mainly in Butte County. See the Butte County, SD county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
57779	Saint Onge	14.7 mi	$1,230
57793	Whitewood	15.9 mi	$1,150
57717	Belle Fourche	18.4 mi	$1,280
57799	Spearfish	21.5 mi	$1,240
57788	Vale	22.4 mi	$1,150
57760	Newell	23.4 mi	$1,280

Questions

What is the Fair Market Rent for ZIP code 57762?

HUD's FY2027 Small Area Fair Market Rents for 57762 are $800 (studio), $880 (1 BR), $1,150 (2 BR), $1,370 (3 BR) and $1,810 (4 BR) a month.

What is the Section 8 payment standard in 57762?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57762 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 57762?

The FY2026 income limits of the Butte County, SD area apply: median family income $104,900, low-income (80%) limit $83,900 for a family of four.