FY2026 Fair Market Rents — Codington County
Studio
$747
1BR
$825
2BR
$1,083
3BR
$1,319
4BR
$1,605
Codington County, South Dakota
FIPS 46029 · County-level FMR and income limit data
FMR Area: Codington County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $747 | $8,964 |
| 1-Bedroom | $825 | $9,900 |
| 2-Bedroom | $1,083 | $12,996 |
| 3-Bedroom | $1,319 | $15,828 |
| 4-Bedroom | $1,605 | $19,260 |
To afford the FY2026 2-bedroom FMR of $1,083/mo under the 30%-of-income rule, a household needs about
$43,320/yr ($3,610/mo). Area Median Income is $97,500.
At SD's state minimum wage of $11.50/hr, a worker would need to work 73 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $747 | $825 | $1,083 | $1,319 | $1,605 |
| FY2025 | $687 | $764 | $1,002 | $1,272 | $1,603 |
| FY2024 | $714 | $801 | $1,053 | $1,378 | $1,776 |
| FY2023 | $601 | $683 | $899 | $1,224 | $1,531 |
| FY2022 | $530 | $601 | $791 | $1,085 | $1,354 |
| FY2021 | $508 | $565 | $744 | $1,028 | $1,267 |
| FY2020 | $525 | $584 | $769 | $1,045 | $1,226 |
FY2026 Income Limits
Area Median Income: $97,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,500 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,150 | $39,000 | $43,900 | $48,750 | $52,650 | $56,550 |
| 80% AMI | $54,600 | $62,400 | $70,200 | $78,000 | $84,250 | $90,500 |