ZIP 57243 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 57243 in the Clark County, SD FMR area.

Clark County, SD

$850Efficiency

$9301 bedroom

$1,2002 bedrooms

$1,4703 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$706
1 bedroom	$930	$837	$1,023	$931
2 bedrooms	$1,200	$1,080	$1,320	$1,014
3 bedrooms	$1,470	$1,323	$1,617	$1,211
4 bedrooms	$1,680	$1,512	$1,848	$1,599

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

Codington County, SD

$850Efficiency

$9301 bedroom

$1,2002 bedrooms

$1,4703 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$871
1 bedroom	$930	$837	$1,023	$943
2 bedrooms	$1,200	$1,080	$1,320	$1,233
3 bedrooms	$1,470	$1,323	$1,617	$1,504
4 bedrooms	$1,680	$1,512	$1,848	$1,715

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

Hamlin County, SD

$850Efficiency

$9301 bedroom

$1,2002 bedrooms

$1,4703 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$706
1 bedroom	$930	$837	$1,023	$775
2 bedrooms	$1,200	$1,080	$1,320	$1,014
3 bedrooms	$1,470	$1,323	$1,617	$1,334
4 bedrooms	$1,680	$1,512	$1,848	$1,337

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

Income in ZIP 57243

$77,321average adjusted gross income per tax return (2022)

$44,689average salaries and wages per return

280tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.0%
$25,000 to $50,000	25.0%
$50,000 to $75,000	14.3%
$75,000 to $100,000	10.7%
$100,000 to $200,000	25.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 57243?

HUD's FY2027 Small Area FMRs for ZIP 57243 (Clark County, SD) are $850 efficiency, $930 one bedroom, $1,200 two bedrooms, $1,470 three and $1,680 four bedrooms.

What payment standard can a housing authority set in ZIP 57243?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,080 to $1,320.

How affordable is rent in ZIP 57243?

Tax returns filed from ZIP 57243 reported an average adjusted gross income of $77,321 (2022). A two-bedroom unit at the Small Area FMR costs $14,400 a year, or 19% of that income.