FY2021 Fair Market Rents — Sioux County, ND HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio
$553
1BR
$557
2BR
$734
3BR
$913
4BR
$1,141
Hours/week at min wage
78 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
National rank
#529
of 632 U.S. metros (top 85% most expensive)
YoY change (2BR)
+2.8%
+$20 vs FY2020
Voucher payment standard
$661–$807
PHAs set HCV payment at 90–110% of the 2BR FMR

Sioux County, ND HUD Metro FMR Area

Metropolitan area · ND · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $553 $6,636
1-Bedroom $557 $6,684
2-Bedroom $734 $8,808
3-Bedroom $913 $10,956
4-Bedroom $1,141 $13,692

Recent 2-Bedroom FMR Trend

FY2017 $681 → FY2021 $734
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2021 $553 $557 $734 $913 $1,141
FY2020 $539 $542 $714 $890 $1,108
FY2019 $542 $546 $700 $877 $1,127
FY2018 $541 $555 $697 $874 $1,070
FY2017 $520 $569 $681 $908 $975

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $46,900

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $18,050 $20,600 $23,200 $26,500 $31,040 $35,580
50% AMI (Very Low) $30,050 $34,350 $38,650 $42,900 $46,350 $49,800
80% AMI (Low) $48,100 $54,950 $61,800 $68,650 $74,150 $79,650

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$8,808/yr
FMR as % of Area Median Income
18.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$29,360/yr
$2,447/mo gross income

FY2021 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $410 $469 $527 $633 $680
60% AMI Maximum $492 $562 $633 $759 $816

FY2021 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $553 $557 $734 $762 $762
Low HOME Rent $751 $858 $966 $1,072 $1,158

Compare Sioux County, ND HUD Metro FMR Area With Other ND Metros

vs. Bismarck, ND HUD Metro FMR Area vs. McHenry County, ND HUD Metro FMR Area vs. Oliver County, ND HUD Metro FMR Area vs. Renville County, ND HUD Metro FMR Area vs. Ward County, ND HUD Metro FMR Area

Counties in This FMR Area

Related Pages