The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Fall River County, SD, SD

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in Fall River County, SD, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $730 to a high of $892, with an average of $811.
One-bedroom: One-bedroom rental prices vary, with a minimum of $819, a maximum of $1,001, and an average of $910.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,076, peaking at a maximum of $1,316, and averaging at $1,196.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,301, a maximum of $1,591, and an average of $1,446.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,729 to a maximum of $2,113, with an average of $1,921.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

To apply for Section 8 housing, you can check your income against the Fall River County, SD Housing Choice voucher income limit to determine your eligibility.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year Area HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Fall River County, SD, SD Low Rent (90%) $730 $819 $1,076 $1,301 $1,729
Average Rent $811 $910 $1,196 $1,446 $1,921
High Rent(110%) $892 $1,001 $1,316 $1,591 $2,113
2023 Fall River County, SD, SD Low Rent (90%) $635 $693 $912 $1,110 $1,487
Average Rent $705 $770 $1,013 $1,233 $1,652
High Rent (110%) $776 $847 $1,114 $1,356 $1,817
2022 Fall River County, SD, SD Low Rent (90%) $549 $583 $768 $949 $1,236
Average Rent $610 $648 $853 $1,054 $1,373
High Rent(110%) $671 $713 $938 $1,159 $1,510
2021 Fall River County, SD, SD Low Rent (90%) $461 $500 $659 $851 $1,140
Average Rent $512 $555 $732 $945 $1,267
High Rent (110%) $563 $611 $805 $1,040 $1,394
2020 Fall River County, SD, SD Low Rent (90%) $447 $547 $655 $945 $1,148
Average Rent $497 $608 $728 $1,050 $1,275
High Rent(110%) $547 $669 $801 $1,155 $1,403
2019 Fall River County, SD, SD Low Rent (90%) $423 $554 $634 $916 $1,048
Average Rent $470 $615 $704 $1,018 $1,164
High Rent (110%) $517 $677 $774 $1,120 $1,280
2018 Fall River County, SD, SD Low Rent (90%) $426 $522 $637 $927 $995
Average Rent $473 $580 $708 $1,030 $1,105
High Rent(110%) $520 $638 $779 $1,133 $1,216
2017 Fall River County, SD, SD Low Rent (90%) $391 $438 $582 $789 $833
Average Rent $434 $487 $647 $877 $926
High Rent (110%) $477 $536 $712 $965 $1,019


Discover Section 8 FMR in Fall River County, SD by zip code