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RentData.org Logo McPherson County Fair Market Rent FY 2023 McPherson County, SD Rental Data

Fair Market Rent Prices in McPherson County, SD :
$575 $628 $826 $1,174 $1,347
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 McPherson County are average compared to the national average. This FMR area is more expensive than 53% of other FMR areas. Fair Market Rent for a two-bedroom apartment in McPherson County is $826 per month.

The previous year, rent for a two-bedroom home was $757 per month. This is a 9.11% increase year-over-year.

This FMR rate applies to Long Lake, SD, Leola, SD and other cities within the region. The Metro Code or CBSA code for this region is NCNTY46089N46089.

Additionally, This Fair Market Rent (FMR) area McPherson County, SD spans one county or city in South Dakota which is listed in the table below. Estimated population of McPherson County, SD FMR area is 2,316 people based on latest Census data.

Compared to the rest of South Dakota, the McPherson County FMR area is more expensive than 54% 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 McPherson County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in McPherson 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 $ 610
1-BR 1-Bedroom $ 666
2-BR 2-Bedroom $ 877
3-BR 3-Bedroom $ 1246
4-BR 4-Bedroom $ 1430
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 McPherson 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
McPherson County, SD 2,316
Zip Codes in McPherson County, SD

There are 2 unique zip codes in this Fair Market Rent (FMR) area:

57456 and 57457

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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