FY2026 Fair Market Rents — Faulk County
Studio
$655
1BR
$724
2BR
$950
3BR
$1,209
4BR
$1,471
Faulk County, South Dakota
FIPS 46049 · County-level FMR and income limit data
FMR Area: Faulk County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $655 | $7,860 |
| 1-Bedroom | $724 | $8,688 |
| 2-Bedroom | $950 | $11,400 |
| 3-Bedroom | $1,209 | $14,508 |
| 4-Bedroom | $1,471 | $17,652 |
To afford the FY2026 2-bedroom FMR of $950/mo under the 30%-of-income rule, a household needs about
$38,000/yr ($3,167/mo). Area Median Income is $103,700.
At SD's state minimum wage of $11.50/hr, a worker would need to work 64 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $655 | $724 | $950 | $1,209 | $1,471 |
| FY2025 | $615 | $684 | $897 | $1,166 | $1,399 |
| FY2024 | $627 | $704 | $925 | $1,225 | $1,486 |
| FY2023 | $576 | $629 | $828 | $1,105 | $1,350 |
| FY2022 | $541 | $575 | $757 | $993 | $1,219 |
| FY2021 | $503 | $546 | $719 | $894 | $1,121 |
| FY2020 | $509 | $566 | $746 | $930 | $1,130 |
FY2026 Income Limits
Area Median Income: $103,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,800 | $24,900 | $28,000 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,300 | $41,500 | $46,700 | $51,850 | $56,000 | $60,150 |
| 80% AMI | $58,100 | $66,400 | $74,700 | $82,950 | $89,600 | $96,250 |