FY2026 Fair Market Rents — Davison County
Studio
$645
1BR
$713
2BR
$936
3BR
$1,302
4BR
$1,570
Davison County, South Dakota
FIPS 46035 · County-level FMR and income limit data
FMR Area: Davison County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $645 | $7,740 |
| 1-Bedroom | $713 | $8,556 |
| 2-Bedroom | $936 | $11,232 |
| 3-Bedroom | $1,302 | $15,624 |
| 4-Bedroom | $1,570 | $18,840 |
To afford the FY2026 2-bedroom FMR of $936/mo under the 30%-of-income rule, a household needs about
$37,440/yr ($3,120/mo). Area Median Income is $95,800.
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 | $645 | $713 | $936 | $1,302 | $1,570 |
| FY2025 | $598 | $665 | $872 | $1,222 | $1,464 |
| FY2024 | $642 | $721 | $947 | $1,309 | $1,607 |
| FY2023 | $593 | $647 | $852 | $1,167 | $1,451 |
| FY2022 | $525 | $600 | $790 | $1,035 | $1,352 |
| FY2021 | $509 | $586 | $772 | $972 | $1,337 |
| FY2020 | $528 | $615 | $810 | $1,009 | $1,378 |
FY2026 Income Limits
Area Median Income: $95,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,150 | $23,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,550 | $38,350 | $43,150 | $47,900 | $51,750 | $55,600 |
| 80% AMI | $53,700 | $61,350 | $69,000 | $76,650 | $82,800 | $88,950 |