ZIP 57238 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 57238 in the Codington County, SD FMR area.

Codington County, SD

$800Efficiency

$9301 bedroom

$1,1502 bedrooms

$1,5503 bedrooms

$1,7704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$871
1 bedroom	$930	$837	$1,023	$943
2 bedrooms	$1,150	$1,035	$1,265	$1,233
3 bedrooms	$1,550	$1,395	$1,705	$1,504
4 bedrooms	$1,770	$1,593	$1,947	$1,715

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

Deuel County, SD

$800Efficiency

$9301 bedroom

$1,1502 bedrooms

$1,5503 bedrooms

$1,7704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$706
1 bedroom	$930	$837	$1,023	$827
2 bedrooms	$1,150	$1,035	$1,265	$1,014
3 bedrooms	$1,550	$1,395	$1,705	$1,404
4 bedrooms	$1,770	$1,593	$1,947	$1,599

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

Hamlin County, SD

$800Efficiency

$9301 bedroom

$1,1502 bedrooms

$1,5503 bedrooms

$1,7704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$706
1 bedroom	$930	$837	$1,023	$775
2 bedrooms	$1,150	$1,035	$1,265	$1,014
3 bedrooms	$1,550	$1,395	$1,705	$1,334
4 bedrooms	$1,770	$1,593	$1,947	$1,337

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

Income in ZIP 57238

$83,090average adjusted gross income per tax return (2022)

$46,476average salaries and wages per return

210tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	19.0%
$25,000 to $50,000	33.3%
$50,000 to $75,000	19.0%
$75,000 to $100,000	9.5%
$100,000 to $200,000	19.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 0.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 57238?

HUD's FY2027 Small Area FMRs for ZIP 57238 (Codington County, SD) are $800 efficiency, $930 one bedroom, $1,150 two bedrooms, $1,550 three and $1,770 four bedrooms.

What payment standard can a housing authority set in ZIP 57238?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 57238?

Tax returns filed from ZIP 57238 reported an average adjusted gross income of $83,090 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 17% of that income.