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Turner County/Hurley/57036

57036

ZIPSAFMR
Turner County, SD
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$950$950
1 BR$1,080$1,080
2 BR$1,260$1,260
3 BR$1,730$1,730
4 BR$2,120$2,120
5 BR$2,438Not available
6 BR$2,804Not available
7 BR$3,224Not available
8 BR$3,708Not available

Purchase Price Calculator

Maximum purchase price
$125,319

Cost breakdown

+Likely effective rent$1,260
HUD FMRUsed$1,260
Market rentN/A
Est. payment standardN/A
-Principal and interest-$634
Loan amount$100,255
Down payment$25,064
Rate6.50%
Term30 years
-Operating costs-$426
Property taxes-$125
Insurance-$175
Utilities$0
HOA$0
Management-$126
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,428(81.5% ROI)
Projected value
$134,955
Return breakdown
Property appreciation+$9,636
Loan principal paid down+$3,592
Rental cash flow+$7,200
5-year hold
+$34,873(139.1% ROI)
Projected value
$141,787
Return breakdown
Property appreciation+$16,468
Loan principal paid down+$6,405
Rental cash flow+$12,000
10-year hold
+$74,363(296.7% ROI)
Projected value
$160,419
Return breakdown
Property appreciation+$35,100
Loan principal paid down+$15,263
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 57036 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 57036 (Hurley, SD) is $1,260 a month. That is down 10.0% from $1,400 in FY 2026. Hurley is in the Sioux Falls, SD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,228. Among 15 ZIP codes in Turner County, 57036 is tied for the 2nd-highest two-bedroom rent (county range $1,050–$1,530). The median county two-bedroom FMR in South Dakota is $1,033, so ZIP 57036 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 57036
BedroomsFY 2027Change90–110% range
Studio$950−9.5%$855–$1,045
1BR$1,080−9.2%$972–$1,188
2BR$1,260−10.0%$1,134–$1,386
3BR$1,730−9.9%$1,557–$1,903
4BR$2,120−9.8%$1,908–$2,332

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 57036
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$950$1,080$1,260$1,730$2,120
FY 2026$1,050$1,190$1,400$1,920$2,350
FY 2025$990$1,170$1,370$1,880$2,300
FY 2024$1,060$1,220$1,440$1,960$2,440
FY 2023$910$1,010$1,210$1,620$2,060

Two-bedroom rent in nearby Turner County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 57036
57014$1,050−16.7%
57015$1,050−16.7%
57021$1,110−11.9%
57029$1,050−16.7%
57036Current$1,260—
57037$1,050−16.7%
57039$1,110−11.9%
57043$1,050−16.7%
57045$1,050−16.7%
57047$1,050−16.7%
57053$1,2600.0%
57064$1,530+21.4%

Questions about ZIP 57036 rents

How much will Section 8 pay for a two-bedroom in ZIP 57036?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,228, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,105 to $1,351 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 57036 in?

ZIP 57036 is in the Sioux Falls, SD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,228.

How much did fair market rent change in ZIP 57036 for FY 2027?

The two-bedroom FMR fell 10.0%, from $1,400 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 4.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentHurley, SD fair market rentSD statewide rentsWhat is SAFMR?Data sources