Grant 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).

$1,1792-bedroom FMR, FY2027

$9011-bedroom FMR, FY2027

$80,10080% income limit, family of 4 (FY2026)

$100,100Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Grant County is $1,179 a month, up 26.9% from $929 in FY2026. Grant County belongs to the Grant 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 Grant County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$821	$641	+28.1%	$739 – $903
1 bedroom	$901	$708	+27.3%	$811 – $991
2 bedrooms	$1,179	$929	+26.9%	$1,062 – $1,296
3 bedrooms	$1,405	$1,292	+8.7%	$1,265 – $1,545
4 bedrooms	$1,859	$1,438	+29.3%	$1,674 – $2,044

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 Grant County that is typically $1,062 to $1,296 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?

$47,596median income of renter households

$763Median gross rent, all units

19%Rent-to-income ratio (median rent ÷ median renter income)

29%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $47,596 can afford about $1,190 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,179 is $11 (0.9%) less than that. To rent a two-bedroom at the FMR, a household needs $47,160 a year under the 30% rule, or $42,444 under the common landlord rule that income must be three times the rent.

Grant County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$763 ±$116
Median income of renter households	$47,596 ±$17,421
Renters paying 30% or more of income (cost-burdened)	28.7% ±15.6
Renters paying 50% or more (severely cost-burdened)	13.9% ±13.1
Renter households (where the share can be computed)	631

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$620	$763	+23.1%
Median renter household income	$28,333	$47,596	+68.0%
Renters paying 30%+ of income	37.8%	28.7%	−9.1 pts

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 Grant County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $100,100 (FY2025: $101,700, −1.6%). 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%)	$21,050 −1.4%	$24,050 −1.4%	$27,320 −0.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$35,050 −1.5%	$40,050 −1.5%	$45,050 −1.5%	$50,050 −1.5%	$54,100 −1.5%	$58,100 −1.4%	$62,100 −1.4%	$66,100 −1.5%
Low income (80%)	$56,100 −1.5%	$64,100 −1.5%	$72,100 −1.5%	$80,100 −1.5%	$86,550 −1.5%	$92,950 −1.5%	$99,350 −1.5%	$105,750 −1.5%

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.