HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in McCook County, South Dakota (FY 2027)
A two-bedroom in McCook County carries a FY 2027 Fair Market Rent of $1,228 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in McCook keys off that figure.
Two-bedroom FMR
$1,228
+6.2% from FY 2026
Payment standard
$1,105–$1,351
90% to 110% of the FMR, two-bedroom
Income to afford
$49,120
a year, with rent at 30% of income
Rank in South Dakota
11th of 66
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $941 | $847–$1,035 | $37,640 | $18.10/hr | +8.8% |
| 1 bedroom | $1,044 | $940–$1,148 | $41,760 | $20.08/hr | +5.9% |
| 2 bedroom | $1,228 | $1,105–$1,351 | $49,120 | $23.62/hr | +6.2% |
| 3 bedroom | $1,694 | $1,525–$1,863 | $67,760 | $32.58/hr | +6.8% |
| 4 bedroom | $2,053 | $1,848–$2,258 | $82,120 | $39.48/hr | +5.9% |
Five to eight 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 | $2,361 | $2,125–$2,597 |
| 6 bedroom Estimate | $2,669 | $2,402–$2,936 |
| 7 bedroom Estimate | $2,977 | $2,679–$3,275 |
| 8 bedroom Estimate | $3,285 | $2,957–$3,614 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in McCook actually rent for?
Search any address in McCook for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 McCook somewhere between $1,105 and $1,351. 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.
$1,228 a month is affordable, by HUD's 30% rule, on an income of roughly $49,120 a year. Put another way, $24 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,105 | Voucher pays at 100%$1,228 | Voucher pays at 110%$1,351 |
|---|---|---|---|---|
| $2,500 | $750 | $355 | $478 | $601 |
| $4,000 | $1,200 | $0 | $28 | $151 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($1,156) to FY 2027 ($1,228). Since FY 2020 it's up 46% in total, about 5.6% a year. The South Dakota median moved up 11% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $599 | $685 | $839 | $1,096 | $1,302 | — |
| FY 2021 | $642 | $714 | $874 | $1,150 | $1,435 | +4.2% |
| FY 2022 | $668 | $733 | $897 | $1,187 | $1,535 | +2.6% |
| FY 2023 | $710 | $793 | $949 | $1,274 | $1,616 | +5.8% |
| FY 2024 | $769 | $884 | $1,042 | $1,417 | $1,768 | +9.8% |
| FY 2025 | $748 | $882 | $1,030 | $1,412 | $1,730 | -1.2% |
| FY 2026 | $865 | $986 | $1,156 | $1,586 | $1,939 | +12.2% |
| FY 2027In effect | $941 | $1,044 | $1,228 | $1,694 | $2,053 | +6.2% |
About this rate
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 2027 that's October 1, 2026 through September 30, 2027. In McCook, that runs from $941 for a studio up to $2,053 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps McCook in with 3 other counties in the Sioux Falls metro, Minnehaha County, Lincoln County, Turner County among them, and every one of them gets $1,228 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among South Dakota's 66 counties, McCook ranks 11th for two-bedroom FMR. That's about 19% above the state median of $1,033 and about 16% above the national median county at $1,063. About 5,751 people live here, 30th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,050 in 57048 (Montrose) and $1,540 in 57012 (Canistota), with the 5 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.
Counties sharing the Sioux Falls metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,228 two-bedroom figure as McCook.
Nearby counties
Two-bedroom FMR, with how each compares to McCook.
Hanson County
19 mi · 3,472 people
$1,014
-17%
Miner County
27 mi · 2,300 people
$1,014
-17%
Turner County
27 mi · 8,882 people
$1,228
same rate
Lake County
29 mi · 10,972 people
$1,154
-6%
Hutchinson County
30 mi · 7,404 people
$1,014
-17%
Minnehaha County
31 mi · 203,289 people
$1,228
same rate
Davison County
35 mi · 19,952 people
$1,087
-11%
Moody County
41 mi · 6,397 people
$1,014
-17%
Questions people ask
$1,228 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $941 for a studio, $1,044 for one bedroom, $1,694 for three and $2,053 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in McCook actually go for?
HUD's number is one input. Search any address in McCook for a rent estimate built from nearby comps. Free to start, no card.
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