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RentData.org Logo Faulk County Fair Market Rent FY 2022 Faulk County, SD Rental Data

Fair Market Rent Prices in Faulk County, SD :
$541 $575 $757 $993 $1,219
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Faulk County are low compared to the national average. This FMR area is less expensive than 54% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Faulk County is $757 per month.

The previous year, rent for a two-bedroom home was $719 per month. This is a 5.29% increase year-over-year.

This FMR rate applies to Ashton, SD, Northville, SD, Orient, SD, Rockham, SD, Seneca, SD, Faulkton, SD, Highmore, SD, Redfield, SD and other cities within the region. The Metro Code or CBSA code for this region is NCNTY46049N46049.

Additionally, This Fair Market Rent (FMR) area Faulk County, SD spans one county or city in South Dakota which is listed in the table below. Estimated population of Faulk County, SD FMR area is 2,325 people based on latest Census data.

Compared to the rest of South Dakota, the Faulk County FMR area is less expensive than 59% of the state.

South Dakota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Faulk County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Faulk County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 545
1-BR 1-Bedroom $ 579
2-BR 2-Bedroom $ 762
3-BR 3-Bedroom $ 1000
4-BR 4-Bedroom $ 1227
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Faulk County, SD FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Sioux Falls (Mitchell).

County / Region Est. Population
Faulk County, SD 2,325
Zip Codes in Faulk County, SD

There are 8 unique zip codes in this Fair Market Rent (FMR) area:

57345, 57424, 57438, 57465, 57467, 57469, 57470 and 57473

Lookup Fair Market Rent by Zip Code

What's Next?

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