FY2027 Small Area FMR · Spearfish, SD
ZIP 57783 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 57783 (Spearfish, SD) is $1,240 a month, up 14.8% from FY2026. That is 3% below the Butte County, SD area-wide FMR of $1,278.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 57783 sits in the Butte County, SD area
Of the 8 ZIP codes HUD lists for the area, 57783 has the 4th 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 $1,240 for this ZIP code instead.
ZIP code 57783 crosses more than one HUD area. HUD also lists it under Lawrence County, SD (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $860 | $774 – $946 | $890 | $740 |
| 1 bedroom | $950 | $855 – $1,045 | $977 | $820 |
| 2 bedrooms | $1,240 | $1,116 – $1,364 | $1,278 | $1,080 |
| 3 bedrooms | $1,720 | $1,548 – $1,892 | $1,523 | $1,500 |
| 4 bedrooms | $2,070 | $1,863 – $2,277 | $2,015 | $1,810 |
A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 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 57783 lies mainly in Lawrence County and Butte County. See the Butte County, SD county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 57783?
HUD's FY2027 Small Area Fair Market Rents for 57783 are $860 (studio), $950 (1 BR), $1,240 (2 BR), $1,720 (3 BR) and $2,070 (4 BR) a month.
What is the Section 8 payment standard in 57783?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 57783 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 57783?
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.