South Dakota · FIPS 46029 · HUD FY 2027
Codington County, South Dakota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Codington County is $1,233 a month (rent plus utilities), 4% above the South Dakota average of $1,187 and 30% below the U.S. average of $1,761. That is up $150 (13.9%) from FY 2026. At 30% of income, a household needs about $49,320 a year to afford it.
- $1,2332-bedroom FMR+$150 (+13.9%) vs FY 2026
- $9431-bedroom FMRSouth Dakota: $958 · U.S.: $1,478
- $49,320Income for a 2-bedroom$24/hour full-time
- 9 of 662BR rank in South Dakota1 = highest rent
| Unit | Codington County FY 2027 | FY 2026 | Change | South Dakota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $871 | $747 | +$124 (+16.6%) | $862 | $1,379 | $34,840 |
| 1 bedroom | $943 | $825 | +$118 (+14.3%) | $958 | $1,478 | $37,720 |
| 2 bedrooms | $1,233 | $1,083 | +$150 (+13.9%) | $1,187 | $1,761 | $49,320 |
| 3 bedrooms | $1,504 | $1,319 | +$185 (+14.0%) | $1,579 | $2,266 | $60,160 |
| 4 bedrooms | $1,715 | $1,605 | +$110 (+6.9%) | $1,926 | $2,607 | $68,600 |
How Codington County compares
- Codington County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across South Dakota, 2-bedroom FMRs run from $1,014 (Ziebach County) to $1,430 (Pennington County).
- Studio to 4-bedroom: $871, $943, $1,233, $1,504, $1,715. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Codington County (by land area), the 2-bedroom figure ranges from $1,010 to $1,230.
Small Area FMRs by ZIP code in Codington County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 57201 | $870 | $940 | $1,230 | $1,500 | $1,710 | +$150 (+13.9%) | about the same as |
| 57235 | $800 | $870 | $1,130 | $1,390 | $1,580 | +$120 (+11.9%) | 8% below |
| 57243 | $850 | $930 | $1,200 | $1,470 | $1,680 | +$150 (+14.3%) | 3% below |
| 57245 | $830 | $930 | $1,190 | $1,530 | $1,740 | +$170 (+16.7%) | 3% below |
| 57263 | $710 | $780 | $1,010 | $1,230 | $1,450 | +$80 (+8.6%) | 18% below |
| 57272 | $800 | $940 | $1,140 | $1,380 | $1,660 | +$160 (+16.3%) | 8% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.