South Dakota · FIPS 46049 · HUD FY 2027
Faulk County, South Dakota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Faulk County is $1,057 a month (rent plus utilities), 11% below the South Dakota average of $1,187 and 40% below the U.S. average of $1,761. That is up $107 (11.3%) from FY 2026. At 30% of income, a household needs about $42,280 a year to afford it.
- $1,0572-bedroom FMR+$107 (+11.3%) vs FY 2026
- $8081-bedroom FMRSouth Dakota: $958 · U.S.: $1,478
- $42,280Income for a 2-bedroom$20/hour full-time
- 32 of 662BR rank in South Dakota1 = highest rent
| Unit | Faulk County FY 2027 | FY 2026 | Change | South Dakota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $736 | $655 | +$81 (+12.4%) | $862 | $1,379 | $29,440 |
| 1 bedroom | $808 | $724 | +$84 (+11.6%) | $958 | $1,478 | $32,320 |
| 2 bedrooms | $1,057 | $950 | +$107 (+11.3%) | $1,187 | $1,761 | $42,280 |
| 3 bedrooms | $1,359 | $1,209 | +$150 (+12.4%) | $1,579 | $2,266 | $54,360 |
| 4 bedrooms | $1,667 | $1,471 | +$196 (+13.3%) | $1,926 | $2,607 | $66,680 |
How Faulk County compares
- Faulk 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: $736, $808, $1,057, $1,359, $1,667. 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 4 ZIP codes mostly in Faulk County (by land area), the 2-bedroom figure ranges from $1,070 to $1,150.
Small Area FMRs by ZIP code in Faulk County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 57435 | $740 | $820 | $1,070 | $1,380 | $1,610 | +$120 (+12.6%) | 1% above |
| 57438 | $800 | $880 | $1,150 | $1,480 | $1,810 | +$110 (+10.6%) | 9% above |
| 57466 | $740 | $820 | $1,070 | $1,380 | $1,620 | +$120 (+12.6%) | 1% above |
| 57473 | $780 | $860 | $1,120 | $1,480 | $1,760 | +$110 (+10.9%) | 6% above |
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.