HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Walworth County, South Dakota (FY 2026)
A two-bedroom in Walworth County carries a FY 2026 Fair Market Rent of $980 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Walworth keys off that figure.
2 bedroom FMR
$980
FY 2026, utilities included
Payment standard range
$882 to $1,078
90% to 110% of FMR
Income to afford 2BR
$39,200
per year, at 30% of income
Rank in South Dakota
18th of 66
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Walworth moves to $1,167. That's up 19%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Walworth actually rent for?
Search any address in Walworth 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 | $676 | $608 to $744 | $27,040 | $13.00/hr | +13.0% |
| 1 bedroom | $747 | $672 to $822 | $29,880 | $14.37/hr | +0.3% |
| 2 bedroom | $980 | $882 to $1,078 | $39,200 | $18.85/hr | +12.4% |
| 3 bedroom | $1,175 | $1,058 to $1,293 | $47,000 | $22.60/hr | +11.8% |
| 4 bedroom | $1,470 | $1,323 to $1,617 | $58,800 | $28.27/hr | +9.0% |
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 | $1,691 | $1,522 to $1,860 |
| 6 bedroom Estimate | $1,911 | $1,720 to $2,102 |
| 7 bedroom Estimate | $2,132 | $1,919 to $2,345 |
| 8 bedroom Estimate | $2,352 | $2,117 to $2,587 |
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 Walworth, that runs from $676 for a studio up to $1,470 for four bedrooms, all five rates in the table above.
Because Walworth 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, Akaska included.
Among South Dakota's 66 counties, Walworth ranks 18th for two-bedroom FMR. That's about 5% above the state median of $929 and about 4% below the national median county at $1,018. About 5,317 people live here, 33rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 57601 (Mobridge) and $1,110 in 57472 (Selby), 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.
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 Walworth somewhere between $882 and $1,078. 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.
$980 a month is affordable, by HUD's 30% rule, on an income of roughly $39,200 a year. Put another way, $19 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% ($882) | HAP at 100% ($980) | HAP at 110% ($1,078) |
|---|---|---|---|---|
| $2,500 | $750 | $132 | $230 | $328 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 12% from FY 2025 ($872) to FY 2026 ($980). Since FY 2020 it's up 37% in total, about 5.4% 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 | $487 | $627 | $714 | $1,022 | $1,086 | — |
| FY 2021 | $503 | $616 | $719 | $951 | $1,095 | +0.7% |
| FY 2022 | $541 | $590 | $757 | $936 | $1,140 | +5.3% |
| FY 2023 | $575 | $628 | $827 | $1,007 | $1,244 | +9.2% |
| FY 2024 | $626 | $703 | $924 | $1,117 | $1,391 | +11.7% |
| FY 2025 | $598 | $745 | $872 | $1,051 | $1,349 | -5.6% |
| FY 2026 | $676 | $747 | $980 | $1,175 | $1,470 | +12.4% |
| FY 2027 | $813 | $1,072 | $1,167 | $1,390 | $1,750 | +19.1% |
Nearby counties
Questions people ask
$980 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $676 for a studio, $747 for one bedroom, $1,175 for three and $1,470 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 Walworth actually go for?
HUD's number is one input. Search any address in Walworth for a rent estimate built from nearby comps. 3 free searches, no card.
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