HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Minnehaha County, South Dakota (FY 2027)
A two-bedroom in Minnehaha 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 Minnehaha 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
12th 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 Minnehaha actually rent for?
Search any address in Minnehaha 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 Minnehaha 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 Minnehaha, 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 Minnehaha in with 3 other counties in the Sioux Falls metro, Lincoln County, Turner County, McCook 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, Minnehaha ranks 12th 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 203,289 people live here, 1st 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 57018 (Colton) and $1,550 in 57108 (Sioux Falls), with the 23 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 57003 | Baltic | $1,470 | +19.7% |
| 57005 | Brandon | $1,240 | +1.0% |
| 57018 | Colton | $1,050 | -14.5% |
| 57020 | Crooks | $1,400 | +14.0% |
| 57022 | Dell Rapids | $1,150 | -6.4% |
| 57030 | Garretson | $1,050 | -14.5% |
| 57033 | Hartford | $1,130 | -8.0% |
| 57035 | Humboldt | $1,050 | -14.5% |
| 57041 | Lyons | $1,160 | -5.5% |
| 57055 | Renner | $1,290 | +5.0% |
| 57068 | Valley Springs | $1,300 | +5.9% |
| 57101 | Sioux Falls | $1,170 | -4.7% |
| 57103 | Sioux Falls | $1,150 | -6.4% |
| 57104 | Sioux Falls | $1,120 | -8.8% |
| 57105 | Sioux Falls | $1,170 | -4.7% |
| 57106 | Sioux Falls | $1,300 | +5.9% |
| 57107 | Sioux Falls | $1,320 | +7.5% |
| 57108 | Sioux Falls | $1,550 | +26.2% |
| 57109 | Sioux Falls | $1,170 | -4.7% |
| 57110 | Sioux Falls | $1,270 | +3.4% |
| 57117 | Sioux Falls | $1,170 | -4.7% |
| 57118 | Sioux Falls | $1,170 | -4.7% |
| 57186 | Sioux Falls | $1,228County rate | — |
| 57193 | Sioux Falls | $1,228County rate | — |
| 57197 | Sioux Falls | $1,170 | -4.7% |
| 57198 | Sioux Falls | $1,228County rate | — |
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 Minnehaha.
Nearby counties
Two-bedroom FMR, with how each compares to Minnehaha.
Lincoln County
22 mi · 70,638 people
$1,228
same rate
Moody County
24 mi · 6,397 people
$1,014
-17%
Turner County
27 mi · 8,882 people
$1,228
same rate
McCook County
31 mi · 5,751 people
$1,228
same rate
Lake County
32 mi · 10,972 people
$1,154
-6%
Brookings County
48 mi · 35,353 people
$1,066
-13%
Hanson County
50 mi · 3,472 people
$1,014
-17%
Clay County
51 mi · 15,219 people
$1,022
-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 Minnehaha actually go for?
HUD's number is one input. Search any address in Minnehaha for a rent estimate built from nearby comps. Free to start, no card.
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