FY2026 Fair Market Rents — Lake County
Studio
$669
1BR
$739
2BR
$970
3BR
$1,163
4BR
$1,627
Lake County, South Dakota
FIPS 46079 · County-level FMR and income limit data
FMR Area: Lake County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $669 | $8,028 |
| 1-Bedroom | $739 | $8,868 |
| 2-Bedroom | $970 | $11,640 |
| 3-Bedroom | $1,163 | $13,956 |
| 4-Bedroom | $1,627 | $19,524 |
To afford the FY2026 2-bedroom FMR of $970/mo under the 30%-of-income rule, a household needs about
$38,800/yr ($3,233/mo). Area Median Income is $103,000.
At SD's state minimum wage of $11.50/hr, a worker would need to work 65 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $669 | $739 | $970 | $1,163 | $1,627 |
| FY2025 | $603 | $670 | $879 | $1,121 | $1,445 |
| FY2024 | $628 | $706 | $927 | $1,245 | $1,511 |
| FY2023 | $575 | $634 | $826 | $1,174 | $1,320 |
| FY2022 | $541 | $575 | $757 | $1,075 | $1,233 |
| FY2021 | $503 | $546 | $719 | $1,029 | $1,185 |
| FY2020 | $487 | $542 | $714 | $1,030 | $1,232 |
FY2026 Income Limits
Area Median Income: $103,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,650 | $24,750 | $27,850 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,050 | $41,200 | $46,350 | $51,500 | $55,650 | $59,750 |
| 80% AMI | $57,700 | $65,950 | $74,200 | $82,400 | $89,000 | $95,600 |