South Dakota · FIPS 46079 · HUD FY 2027
Lake County, South Dakota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $1,154 a month (rent plus utilities), 3% below the South Dakota average of $1,187 and 34% below the U.S. average of $1,761. That is up $184 (19.0%) from FY 2026. At 30% of income, a household needs about $46,160 a year to afford it.
- $1,1542-bedroom FMR+$184 (+19.0%) vs FY 2026
- $8821-bedroom FMRSouth Dakota: $958 · U.S.: $1,478
- $46,160Income for a 2-bedroom$22/hour full-time
- 20 of 662BR rank in South Dakota1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | South Dakota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $804 | $669 | +$135 (+20.2%) | $862 | $1,379 | $32,160 |
| 1 bedroom | $882 | $739 | +$143 (+19.4%) | $958 | $1,478 | $35,280 |
| 2 bedrooms | $1,154 | $970 | +$184 (+19.0%) | $1,187 | $1,761 | $46,160 |
| 3 bedrooms | $1,375 | $1,163 | +$212 (+18.2%) | $1,579 | $2,266 | $55,000 |
| 4 bedrooms | $1,929 | $1,627 | +$302 (+18.6%) | $1,926 | $2,607 | $77,160 |
How Lake County compares
- Lake 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: $804, $882, $1,154, $1,375, $1,929. 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 7 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,080 to $1,410.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 57016 | $980 | $1,080 | $1,410 | $1,680 | $2,360 | +$180 (+14.6%) | 22% above |
| 57042 | $800 | $890 | $1,150 | $1,430 | $1,920 | +$190 (+19.8%) | about the same as |
| 57050 | $880 | $910 | $1,150 | $1,520 | $1,900 | +$160 (+16.2%) | about the same as |
| 57054 | $800 | $880 | $1,150 | $1,370 | $1,920 | +$220 (+23.7%) | about the same as |
| 57057 | $760 | $840 | $1,080 | $1,340 | $1,810 | +$140 (+14.9%) | 6% below |
| 57075 | $750 | $830 | $1,080 | $1,290 | $1,810 | +$150 (+16.1%) | 6% below |
| 57076 | $780 | $860 | $1,080 | $1,380 | $1,770 | +$120 (+12.5%) | 6% 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.