FY2026 Fair Market Rents — Haakon County
Studio
$654
1BR
$722
2BR
$948
3BR
$1,206
4BR
$1,468
Haakon County, South Dakota
FIPS 46055 · County-level FMR and income limit data
FMR Area: Haakon County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $654 | $7,848 |
| 1-Bedroom | $722 | $8,664 |
| 2-Bedroom | $948 | $11,376 |
| 3-Bedroom | $1,206 | $14,472 |
| 4-Bedroom | $1,468 | $17,616 |
To afford the FY2026 2-bedroom FMR of $948/mo under the 30%-of-income rule, a household needs about
$37,920/yr ($3,160/mo). Area Median Income is $87,500.
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 | $654 | $722 | $948 | $1,206 | $1,468 |
| FY2025 | $620 | $693 | $910 | $1,205 | $1,462 |
| FY2024 | $685 | $769 | $1,011 | $1,338 | $1,624 |
| FY2023 | $626 | $684 | $900 | $1,201 | $1,467 |
| FY2022 | $543 | $577 | $759 | $996 | $1,222 |
| FY2021 | $520 | $578 | $761 | $985 | $1,152 |
| FY2020 | $577 | $642 | $845 | $1,094 | $1,280 |
FY2026 Income Limits
Area Median Income: $87,500
| 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 |