Location: Hamlin County, SD | Metro: Clark County, SD
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 57271 in metro FY 2026 is set at $940. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which is the maximum amount the government will pay to cover a tenant's rent. It does not represent the actual rent you can charge, but rather the upper limit for reimbursement.
In ZIP 57271, the local median gross rent is currently listed as N/A, making direct comparison difficult. However, the FMR provides a benchmark for understanding what the government deems as a reasonable rent level in this area.
The 7.6% renter share indicates the portion of households that are renters. This suggests there is a modest demand for rental properties in this area. While the exact percentage might seem low, it still translates into a significant number of potential tenants who could benefit from the Section 8 program.
The acquisition cost for new units under the Section 8 program in ZIP 57271 is also listed as N/A. This means that specific data on how much it typically costs to bring a property into the program is not available. Landlords should be aware that costs can vary widely depending on the condition of the property and any necessary improvements to meet housing quality standards.
Before proceeding with your first Section 8 rental in ZIP 57271, verify that your property meets all the required housing quality standards. These standards ensure the safety and habitability of the unit, and failing to meet them can result in reduced payments or even termination from the program.
To summarize, the $940 FMR is the government's reimbursement cap, not your rent ceiling. With a 7.6% renter share, there is a moderate demand for rental properties, particularly those that can accommodate Section 8 vouchers. Ensure your property complies with the housing quality standards to avoid any issues once enrolled in the program.
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.