Section 8 Fair Market Rent (FMR) for ZIP 57020 - 2027

Location: Sioux Falls, SD | Metro: Sioux Falls, SD HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,070
1 Bedroom$1,190
2 Bedrooms$1,400
3 Bedrooms$1,930
4 Bedrooms$2,340
5 Bedrooms$2,714
6 Bedrooms$3,040
7 Bedrooms$3,283
8 Bedrooms$3,447

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,622
Median Household Income
$101,500
Housing Units
632
Renter Percentage
14.2%
Occupancy Rate
100.0%
Renter Occupied
90

Housing Authorities Serving ZIP 57020

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Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.