HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Davison County, South Dakota (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Davison County is $936 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$936
FY 2026, utilities included
Payment standard range
$842 to $1,030
90% to 110% of FMR
Income to afford 2BR
$37,440
per year, at 30% of income
Rank in South Dakota
32nd of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Davison moves to $1,087. That's up 16%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Davison actually rent for?
Search any address in Davison for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $645 | $581 to $710 | $25,800 | $12.40/hr | +7.9% |
| 1 bedroom | $713 | $642 to $784 | $28,520 | $13.71/hr | +7.2% |
| 2 bedroom | $936 | $842 to $1,030 | $37,440 | $18.00/hr | +7.3% |
| 3 bedroom | $1,302 | $1,172 to $1,432 | $52,080 | $25.04/hr | +6.5% |
| 4 bedroom | $1,570 | $1,413 to $1,727 | $62,800 | $30.19/hr | +7.2% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,806 | $1,625 to $1,987 |
| 6 bedroom Estimate | $2,041 | $1,837 to $2,245 |
| 7 bedroom Estimate | $2,277 | $2,049 to $2,505 |
| 8 bedroom Estimate | $2,512 | $2,261 to $2,763 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Davison, that runs from $645 for a studio up to $1,570 for four bedrooms, all five rates in the table above.
Because Davison sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Mitchell included.
Among South Dakota's 66 counties, Davison ranks 32nd for two-bedroom FMR. That's within a couple percent of the state median of $929 and about 8% below the national median county at $1,018. About 19,966 people live here, 10th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $930 in 57301 (Mitchell) and $1,180 in 57363 (Mount Vernon), with the 3 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Davison somewhere between $842 and $1,030. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$936 a month is affordable, by HUD's 30% rule, on an income of roughly $37,440 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($842) | HAP at 100% ($936) | HAP at 110% ($1,030) |
|---|---|---|---|---|
| $2,500 | $750 | $92 | $186 | $280 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($872) to FY 2026 ($936). Since FY 2020 it's up 16% in total, about 2.4% a year. The South Dakota median moved up 7% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $528 | $615 | $810 | $1,009 | $1,378 | — |
| FY 2021 | $509 | $586 | $772 | $972 | $1,337 | -4.7% |
| FY 2022 | $525 | $600 | $790 | $1,035 | $1,352 | +2.3% |
| FY 2023 | $593 | $647 | $852 | $1,167 | $1,451 | +7.8% |
| FY 2024 | $642 | $721 | $947 | $1,309 | $1,607 | +11.2% |
| FY 2025 | $598 | $665 | $872 | $1,222 | $1,464 | -7.9% |
| FY 2026 | $645 | $713 | $936 | $1,302 | $1,570 | +7.3% |
| FY 2027 | $757 | $831 | $1,087 | $1,505 | $1,817 | +16.1% |
Nearby counties
Questions people ask
$936 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $645 for a studio, $713 for one bedroom, $1,302 for three and $1,570 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Davison actually go for?
HUD's number is one input. Search any address in Davison for a rent estimate built from nearby comps. 3 free searches, no card.
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