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Edmunds County/Westport/57481

57481

ZIPSAFMR
Edmunds County, SD
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$790$790
1 BR$870$870
2 BR$1,130$1,130
3 BR$1,450$1,450
4 BR$1,740$1,740
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMRUsed$1,130
Market rentN/A
Est. payment standardN/A
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
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
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Mortgage rate
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ZIP 57481 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 57481 (Westport, SD) is $1,130 a month. That is up 4.6% from $1,080 in FY 2026. Westport is in the Edmunds County, SD non-metropolitan 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 county-wide two-bedroom FMR of $1,087. Among 10 ZIP codes in Edmunds County, 57481 has the 6th-highest two-bedroom rent (county range $1,010–$1,400). The median county two-bedroom FMR in South Dakota is $1,033, so ZIP 57481 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 57481
BedroomsFY 2027Change90–110% range
Studio$790+5.3%$711–$869
1BR$870+6.1%$783–$957
2BR$1,130+4.6%$1,017–$1,243
3BR$1,450+5.8%$1,305–$1,595
4BR$1,740+5.5%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 57481
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$870$1,130$1,450$1,740
FY 2026$750$820$1,080$1,370$1,650
FY 2025$680$680$870$1,220$1,470
FY 2024area FMR$613$689$905$1,198$1,454
FY 2023area FMR$575$628$826$1,103$1,407

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Edmunds County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 57481
57428$1,010−10.6%
57435$1,070−5.3%
57448$1,040−8.0%
57451$1,200+6.2%
57456$1,400+23.9%
57460$1,150+1.8%
57466$1,070−5.3%
57471$1,170+3.5%
57475$1,240+9.7%
57481Current$1,130—

Questions about ZIP 57481 rents

How much will Section 8 pay for a two-bedroom in ZIP 57481?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,087, which applies unless the housing authority uses Small Area FMRs, that basic range is $978 to $1,196 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 57481 in?

ZIP 57481 is in the Edmunds County, SD non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,087.

How much did fair market rent change in ZIP 57481 for FY 2027?

The two-bedroom FMR rose 4.6%, from $1,080 in FY 2026 to $1,130 in FY 2027. Since FY 2025 it has risen 29.9%.

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