FY2026 Fair Market Rents — Clay County
Studio
$641
1BR
$708
2BR
$929
3BR
$1,292
4BR
$1,558
Clay County, South Dakota
FIPS 46027 · County-level FMR and income limit data
FMR Area: Clay County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $641 | $7,692 |
| 1-Bedroom | $708 | $8,496 |
| 2-Bedroom | $929 | $11,148 |
| 3-Bedroom | $1,292 | $15,504 |
| 4-Bedroom | $1,558 | $18,696 |
To afford the FY2026 2-bedroom FMR of $929/mo under the 30%-of-income rule, a household needs about
$37,160/yr ($3,097/mo). Area Median Income is $105,100.
At SD's state minimum wage of $11.50/hr, a worker would need to work 63 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $641 | $708 | $929 | $1,292 | $1,558 |
| FY2025 | $627 | $697 | $914 | $1,281 | $1,535 |
| FY2024 | $666 | $747 | $982 | $1,384 | $1,666 |
| FY2023 | $584 | $663 | $873 | $1,241 | $1,487 |
| FY2022 | $546 | $597 | $785 | $1,098 | $1,344 |
| FY2021 | $530 | $580 | $765 | $1,018 | $1,325 |
| FY2020 | $559 | $607 | $800 | $1,047 | $1,405 |
FY2026 Income Limits
Area Median Income: $105,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,100 | $25,250 | $28,400 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,800 | $42,050 | $47,300 | $52,550 | $56,800 | $61,000 |
| 80% AMI | $58,900 | $67,300 | $75,700 | $84,100 | $90,850 | $97,600 |