FY2026 Fair Market Rents — Lyman County
Studio
$648
1BR
$716
2BR
$940
3BR
$1,127
4BR
$1,455
Lyman County, South Dakota
FIPS 46085 · County-level FMR and income limit data
FMR Area: Lyman County, SD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $648 | $7,776 |
| 1-Bedroom | $716 | $8,592 |
| 2-Bedroom | $940 | $11,280 |
| 3-Bedroom | $1,127 | $13,524 |
| 4-Bedroom | $1,455 | $17,460 |
To afford the FY2026 2-bedroom FMR of $940/mo under the 30%-of-income rule, a household needs about
$37,600/yr ($3,133/mo). Area Median Income is $87,500.
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 | $648 | $716 | $940 | $1,127 | $1,455 |
| FY2025 | $598 | $665 | $872 | $1,051 | $1,383 |
| FY2024 | $613 | $689 | $905 | $1,094 | $1,536 |
| FY2023 | $575 | $628 | $826 | $1,005 | $1,407 |
| FY2022 | $541 | $575 | $757 | $936 | $1,156 |
| FY2021 | $503 | $570 | $719 | $894 | $1,121 |
| FY2020 | $487 | $627 | $714 | $912 | $1,081 |
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 |