What is the Fair Market Rent for a 2-bedroom in Meade County, SD HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Meade County, SD HUD Metro FMR Area is $1,273 per month for fiscal year 2026. The studio FMR is $878, 1-bedroom is $970, 3-bedroom is $1,770, and 4-bedroom is $2,136.

What income do you need to afford the FMR in Meade County, SD HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $50,920 per year ($4,243 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,273 in Meade County, SD HUD Metro FMR Area.

FY2026 Fair Market Rents — Meade County, SD HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$878

1BR

$970

2BR

$1,273

3BR

$1,770

4BR

$2,136

Hours/week at min wage

86 hrs

to afford the 2BR FMR @ $11.50/hr (SD)

YoY change (2BR)

+16.3%

+$178 vs FY2025 · 5-yr +48.4%

Voucher payment standard

$1,146–$1,400

PHAs set HCV payment at 90–110% of the 2BR FMR

Meade County, SD HUD Metro FMR Area

Non-Metropolitan area · SD · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$878	$10,536
1-Bedroom	$970	$11,640
2-Bedroom	$1,273	$15,276
3-Bedroom	$1,770	$21,240
4-Bedroom	$2,136	$25,632

Recent 2-Bedroom FMR Trend

FY2020 $779 → FY2026 $1,273

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$878	$970	$1,273	$1,770	$2,136
FY2025	$751	$835	$1,095	$1,506	$1,839
FY2024	$784	$880	$1,156	$1,546	$1,962
FY2023	$677	$769	$1,012	$1,345	$1,724
FY2022	$609	$696	$916	$1,243	$1,568
FY2021	$566	$651	$858	$1,186	$1,486
FY2020	$508	$591	$779	$1,124	$1,317

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $98,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,600	$23,550	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$34,300	$39,200	$44,100	$49,000	$52,950	$56,850
80% AMI (Low)	$54,900	$62,750	$70,600	$78,400	$84,700	$90,950

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$15,276/yr

FMR as % of Area Median Income

15.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$50,920/yr

$4,243/mo gross income

FY2026 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	$857	$980	$1,102	$1,323	$1,420
60% AMI Maximum	$1,029	$1,176	$1,323	$1,587	$1,705

FY2026 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	$878	$970	$1,273	$1,592	$1,592
Low HOME Rent	$857	$980	$1,102	$1,225	$1,323

Compare Meade County, SD HUD Metro FMR Area With Other SD Metros

vs. Custer County, SD HUD Metro FMR Area vs. Meade County, SD HUD Metro FMR Area vs. Rapid City, SD HUD Metro FMR Area vs. Sioux Falls, SD MSA