HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Faulk County, South Dakota (FY 2026)
$950 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Faulk County, and it's the baseline every voucher in Faulk is measured against.
2 bedroom FMR
$950
FY 2026, utilities included
Payment standard range
$855 to $1,045
90% to 110% of FMR
Income to afford 2BR
$38,000
per year, at 30% of income
Rank in South Dakota
23rd of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Faulk moves to $1,057. That's up 11%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Faulk actually rent for?
Search any address in Faulk 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 | $655 | $590 to $721 | $26,200 | $12.60/hr | +6.5% |
| 1 bedroom | $724 | $652 to $796 | $28,960 | $13.92/hr | +5.8% |
| 2 bedroom | $950 | $855 to $1,045 | $38,000 | $18.27/hr | +5.9% |
| 3 bedroom | $1,209 | $1,088 to $1,330 | $48,360 | $23.25/hr | +3.7% |
| 4 bedroom | $1,471 | $1,324 to $1,618 | $58,840 | $28.29/hr | +5.1% |
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 | $1,692 | $1,523 to $1,861 |
| 6 bedroom Estimate | $1,912 | $1,721 to $2,103 |
| 7 bedroom Estimate | $2,133 | $1,920 to $2,346 |
| 8 bedroom Estimate | $2,354 | $2,119 to $2,589 |
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 Faulk, that runs from $655 for a studio up to $1,471 for four bedrooms, all five rates in the table above.
Because Faulk 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, Cresbard included.
Among South Dakota's 66 counties, Faulk ranks 23rd for two-bedroom FMR. That's about 2% above the state median of $929 and about 7% below the national median county at $1,018. About 2,140 people live here, 57th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $950 in 57435 (Cresbard) and $1,040 in 57438 (Faulkton), with the 6 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 Faulk somewhere between $855 and $1,045. 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.
$950 a month is affordable, by HUD's 30% rule, on an income of roughly $38,000 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% ($855) | HAP at 100% ($950) | HAP at 110% ($1,045) |
|---|---|---|---|---|
| $2,500 | $750 | $105 | $200 | $295 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2025 ($897) to FY 2026 ($950). Since FY 2020 it's up 27% in total, about 4.1% 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 | $509 | $566 | $746 | $930 | $1,130 | — |
| FY 2021 | $503 | $546 | $719 | $894 | $1,121 | -3.6% |
| FY 2022 | $541 | $575 | $757 | $993 | $1,219 | +5.3% |
| FY 2023 | $576 | $629 | $828 | $1,105 | $1,350 | +9.4% |
| FY 2024 | $627 | $704 | $925 | $1,225 | $1,486 | +11.7% |
| FY 2025 | $615 | $684 | $897 | $1,166 | $1,399 | -3.0% |
| FY 2026 | $655 | $724 | $950 | $1,209 | $1,471 | +5.9% |
| FY 2027 | $736 | $808 | $1,057 | $1,359 | $1,667 | +11.3% |
Nearby counties
Questions people ask
$950 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $655 for a studio, $724 for one bedroom, $1,209 for three and $1,471 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 Faulk actually go for?
HUD's number is one input. Search any address in Faulk for a rent estimate built from nearby comps. 3 free searches, no card.
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