[ section 8 · South Dakota FMR ]

section 8 rents
in south dakota.

HUD Fair Market Rents across 379 South Dakota ZIP codes for FY2026. the median 2-bedroom runs $980/mo and the median 3-bedroom $1,290/mo — with 3-bedroom rents spanning $1,110 to $2,420/mo depending on the ZIP.

overlay FMR on live listings →run DSCR
statewide median

FMR by bedroom.

median Fair Market Rent across all South Dakota ZIPs, by unit size (FY2026).
bedroomsmedian FMR / mo
studio / 0 BR$690
1 BR$790
2 BR$980
3 BR$1,290
4 BR$1,550

3-bedroom FMR ranges from $1,110 to $2,420/mo across South Dakota ZIP codes — Small Area FMRs vary widely within a single metro.

top metros

where the rents are.

the South Dakota HUD areas with the most covered ZIPs, with 2-bedroom and 3-bedroom FMRs.
metro / areaZIPs2 BR3 BR
Sioux Falls32$1,110$1,520
Roberts County16$960$1,300
Spink County15$980$1,170
Moody County13$940$1,260
Meade County13$1,270$1,770
Hutchinson County12$950$1,295
Yankton County11$950$1,320
Brown County11$930$1,170

SAFMR = ZIP-level variation. HUD sets Small Area Fair Market Rents by ZIP in many of these metros, so two homes in the same city can carry very different voucher ceilings.

the underwriting

the DSCR math at south dakota's median rent.

a worked example — assumptions stated, not hidden. run your exact numbers in the calculator.

At the median 3-bedroom Section 8 rent of $1,290/mo, the maximum PITIA that still clears a 1.20 DSCR is $1,075/mo. Assuming ~25% of that payment goes to property taxes and insurance, the maximum principal & interest is $806/mo — which supports roughly a $121,000 loan at 7% over 30 years, or about a $161,000 purchase at 75% LTV.

median 3 BR rent$1,290/mo
max PITIA @ 1.20 DSCR$1,075/mo
max P&I (~75% of PITIA)$806/mo
supported loan (7% / 30yr)$121,000
implied price (75% LTV)$161,000

Assumptions: 1.20 DSCR floor, ~25% of PITIA for taxes + insurance, 7.0% 30-year fixed, 75% LTV. Your taxes, insurance, rate, and LTV will differ — run your exact numbers in the DSCR calculator.

FAQ

South Dakota Section 8, answered.

the four questions investors ask before underwriting a South Dakota voucher deal.
— South Dakota FMR —
What is the Section 8 rent for a 3-bedroom in South Dakota?
The median 3-bedroom Fair Market Rent in South Dakota is $1,290/mo (FY2026). It varies by ZIP — from $1,110 to $2,420/mo across the state under HUD's Small Area FMR schedule.
— South Dakota FMR —
How are Fair Market Rents set in South Dakota?
HUD publishes Fair Market Rents (and Small Area FMRs by ZIP where applicable) annually — these are the FY2026 figures. Local public housing authorities then set voucher payment standards at 90–110% of FMR, and rent reasonableness versus comparable local units still applies before a lease is approved.
— South Dakota FMR —
Which South Dakota metros have the highest Section 8 rents?
Meade County leads at $1,770/mo for a 3-bedroom, followed by Sioux Falls at $1,520/mo.
— South Dakota FMR —
Does Section 8 rent in South Dakota cover a DSCR loan?
At the median 3-bedroom rent of $1,290/mo, the maximum PITIA at a 1.20 DSCR is $1,075/mo. Assuming ~25% goes to taxes and insurance, that supports roughly a $121,000 loan at 7% over 30 years — about a $161,000 purchase at 75% LTV.
nearby states

compare neighbors.

Section 8 FMRs for the states next door.
North Dakota Section 8 rents →Minnesota Section 8 rents →Iowa Section 8 rents →Nebraska Section 8 rents →
live · all 50 states

FMR on every south dakota listing.

Verleon AI overlays HUD Fair Market Rents on every active listing in South Dakota — and all 50 states — so you see the Section 8 ceiling and DSCR before you make an offer. See the Section 8 investing guide or the FMR-by-state overview.

try Verleon AI →all states →

Data source: HUD FY2026 Fair Market Rents (Small Area FMRs where published), snapshot 2026-07-14. Payment standards vary by public housing authority (typically 90–110% of FMR). Figures are for research and do not guarantee approved rent on any specific unit.

DSCR loans, demystified →Section 8 FMR by state →Best markets for cash flow →BRRRR strategy, real numbers →How to analyze a rental →Verleon vs. PropStream →
Not investment advice. Verleon AI provides analytical tooling for real-estate professionals. Underwriting outputs (DSCR, cap rate, Section 8 FMR estimates, scores) are modeled from public and licensed data and are not a substitute for independent due diligence, legal counsel, lender pre-approval, or licensed appraisal. Past performance is not indicative of future results.