Fair Market Rents: Codington County, SD (FY2026)
HUD's FY2026 Fair Market Rents for Codington County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | SD median* |
|---|---|---|
| Studio (0-BR) | $747/mo | $648 (+15%) |
| 1 Bedroom | $825/mo | $749 (+10%) |
| 2 Bedrooms | $1,083/mo | $929 (+17%) |
| 3 Bedrooms | $1,319/mo | $1,282 (+3%) |
| 4+ Bedrooms | $1,605/mo | $1,468 (+9%) |
*Median across all FMR-publishing counties in SD. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Codington County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Codington County
We track 11 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Watertown | 17 | 580 |