FY2026 Fair Market Rents — Dewey County
Studio
$641
1BR
$832
2BR
$929
3BR
$1,207
4BR
$1,230
Dewey County, South Dakota
FIPS 46041 · County-level FMR and income limit data
FMR Area: Dewey County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $641 | $7,692 |
| 1-Bedroom | $832 | $9,984 |
| 2-Bedroom | $929 | $11,148 |
| 3-Bedroom | $1,207 | $14,484 |
| 4-Bedroom | $1,230 | $14,760 |
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 $66,400.
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 | $832 | $929 | $1,207 | $1,230 |
| FY2025 | $598 | $788 | $872 | $1,155 | $1,183 |
| FY2024 | $613 | $806 | $905 | $1,195 | $1,226 |
| FY2023 | $575 | $718 | $826 | $1,057 | $1,113 |
| FY2022 | $541 | $606 | $757 | $936 | $1,027 |
| FY2021 | $503 | $546 | $719 | $894 | $975 |
| FY2020 | $503 | $560 | $737 | $918 | $998 |
FY2026 Income Limits
Area Median Income: $66,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,850 | $22,700 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,100 | $37,800 | $42,550 | $47,250 | $51,050 | $54,850 |
| 80% AMI | $52,950 | $60,500 | $68,050 | $75,600 | $81,650 | $87,700 |