ZIP 57235 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 57235 in the Codington County, SD FMR area.

Codington County, SD

$800Efficiency

$8701 bedroom

$1,1302 bedrooms

$1,3903 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$871
1 bedroom	$870	$783	$957	$943
2 bedrooms	$1,130	$1,017	$1,243	$1,233
3 bedrooms	$1,390	$1,251	$1,529	$1,504
4 bedrooms	$1,580	$1,422	$1,738	$1,715

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Day County, SD

$800Efficiency

$8701 bedroom

$1,1302 bedrooms

$1,3903 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$706
1 bedroom	$870	$783	$957	$858
2 bedrooms	$1,130	$1,017	$1,243	$1,014
3 bedrooms	$1,390	$1,251	$1,529	$1,404
4 bedrooms	$1,580	$1,422	$1,738	$1,599

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 57235

$93,697average adjusted gross income per tax return (2022)

$42,861average salaries and wages per return

380tax returns filed

14%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	21.1%
$25,000 to $50,000	21.1%
$50,000 to $75,000	15.8%
$75,000 to $100,000	13.2%
$100,000 to $200,000	21.1%
$200,000 or more	7.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 57235?

HUD's FY2027 Small Area FMRs for ZIP 57235 (Codington County, SD) are $800 efficiency, $870 one bedroom, $1,130 two bedrooms, $1,390 three and $1,580 four bedrooms.

What payment standard can a housing authority set in ZIP 57235?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,017 to $1,243.

How affordable is rent in ZIP 57235?

Tax returns filed from ZIP 57235 reported an average adjusted gross income of $93,697 (2022). A two-bedroom unit at the Small Area FMR costs $13,560 a year, or 14% of that income.