Faulk County, SD: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0572-bedroom FMR, FY2027

$8081-bedroom FMR, FY2027

$82,95080% income limit, family of 4 (FY2026)

$103,700Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Faulk County is $1,057 a month, up 11.3% from $950 in FY2026. Faulk County belongs to the Faulk County, SD FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Faulk County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$736	$655	+12.4%	$663 – $809
1 bedroom	$808	$724	+11.6%	$728 – $888
2 bedrooms	$1,057	$950	+11.3%	$952 – $1,162
3 bedrooms	$1,359	$1,209	+12.4%	$1,224 – $1,494
4 bedrooms	$1,667	$1,471	+13.3%	$1,501 – $1,833

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Faulk County that is typically $952 to $1,162 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$57,750median household income (renter figure not published here)

$771Median gross rent, all units

16%Rent-to-income ratio (median rent ÷ median renter income)

At the 30% rule, a renter household earning the local median of $57,750 can afford about $1,444 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,057 is $387 (26.8%) less than that. To rent a two-bedroom at the FMR, a household needs $42,280 a year under the 30% rule, or $38,052 under the common landlord rule that income must be three times the rent.

Faulk County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$771 ±$161
Median household income (renter figure not published here)	$57,750 ±$15,232
Rent burden	too few renter households for a reliable share

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$660	$771	+16.8%
Median renter household income	$27,176	$57,750	+112.5%

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Faulk County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $103,700 (FY2025: $104,400, −0.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$21,800 −0.7%	$24,900 −0.6%	$28,000 −0.7%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$36,300 −0.7%	$41,500 −0.7%	$46,700 −0.6%	$51,850 −0.7%	$56,000 −0.7%	$60,150 −0.7%	$64,300 −0.7%	$68,450 −0.7%
Low income (80%)	$58,100 −0.6%	$66,400 −0.6%	$74,700 −0.6%	$82,950 −0.7%	$89,600 −0.7%	$96,250 −0.7%	$102,900 −0.6%	$109,500 −0.7%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.