South Dakota · FIPS 46103 · HUD FY 2027
Pennington County, South Dakota Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Pennington County is $1,430 a month (rent plus utilities), 20% above the South Dakota average of $1,187 and 19% below the U.S. average of $1,761. That is up $94 (7.0%) from FY 2026. At 30% of income, a household needs about $57,200 a year to afford it.
- $1,4302-bedroom FMR+$94 (+7.0%) vs FY 2026
- $1,0931-bedroom FMRSouth Dakota: $958 · U.S.: $1,478
- $57,200Income for a 2-bedroom$28/hour full-time
- 1 of 662BR rank in South Dakota1 = highest rent
| Unit | Pennington County FY 2027 | FY 2026 | Change | South Dakota avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $996 | $921 | +$75 (+8.1%) | $862 | $1,379 | $39,840 |
| 1 bedroom | $1,093 | $1,018 | +$75 (+7.4%) | $958 | $1,478 | $43,720 |
| 2 bedrooms | $1,430 | $1,336 | +$94 (+7.0%) | $1,187 | $1,761 | $57,200 |
| 3 bedrooms | $1,833 | $1,743 | +$90 (+5.2%) | $1,579 | $2,266 | $73,320 |
| 4 bedrooms | $2,390 | $2,178 | +$212 (+9.7%) | $1,926 | $2,607 | $95,600 |
How Pennington County compares
- HUD sets this rent for the Rapid City, SD metro FMR area, which covers 113,512 residents in 1 county.
- Across South Dakota, 2-bedroom FMRs run from $1,014 (Ziebach County) to $1,430 (Pennington County).
- Studio to 4-bedroom: $996, $1,093, $1,430, $1,833, $2,390. 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 9 ZIP codes mostly in Pennington County (by land area), the 2-bedroom figure ranges from $1,210 to $1,750.
Small Area FMRs by ZIP code in Pennington County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 57701 | $910 | $1,000 | $1,310 | $1,680 | $2,190 | +$110 (+9.2%) | 8% below |
| 57702 | $1,060 | $1,170 | $1,530 | $1,960 | $2,550 | +$120 (+8.5%) | 7% above |
| 57703 | $1,220 | $1,340 | $1,750 | $2,240 | $2,930 | +$50 (+2.9%) | 22% above |
| 57725 | $990 | $1,090 | $1,420 | $1,850 | $2,370 | +$80 (+6.0%) | 1% below |
| 57745 | $1,000 | $1,100 | $1,440 | $1,850 | $2,410 | +$140 (+10.8%) | 1% above |
| 57751 | $980 | $1,080 | $1,410 | $1,870 | $2,350 | +$400 (+39.6%) | 1% below |
| 57775 | $830 | $920 | $1,210 | $1,570 | $1,970 | +$200 (+19.8%) | 15% below |
| 57780 | $1,000 | $1,090 | $1,430 | $1,830 | $2,390 | +$90 (+6.7%) | same |
| 57790 | $1,000 | $1,090 | $1,430 | $1,830 | $2,390 | +$420 (+41.6%) | same |
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.