Meade 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).

$1,3572-bedroom FMR, FY2027

$1,0371-bedroom FMR, FY2027

$78,40080% income limit, family of 4 (FY2026)

$98,000Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Meade County is $1,357 a month, up 6.6% from $1,273 in FY2026. Meade County belongs to the Meade County, SD HUD Metro FMR Area FMR area, 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 Meade County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$945	$878	+7.6%	$851 – $1,039
1 bedroom	$1,037	$970	+6.9%	$934 – $1,140
2 bedrooms	$1,357	$1,273	+6.6%	$1,222 – $1,492
3 bedrooms	$1,879	$1,770	+6.2%	$1,692 – $2,066
4 bedrooms	$2,268	$2,136	+6.2%	$2,042 – $2,494

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 Meade County that is typically $1,222 to $1,492 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?

$53,239median income of renter households

$1,264Median gross rent, all units

28%Rent-to-income ratio (median rent ÷ median renter income)

38%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $53,239 can afford about $1,331 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,357 is $26 (2.0%) more than that. To rent a two-bedroom at the FMR, a household needs $54,280 a year under the 30% rule, or $48,852 under the common landlord rule that income must be three times the rent.

Meade County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,264 ±$122
Median income of renter households	$53,239 ±$4,278
Renters paying 30% or more of income (cost-burdened)	38.1% ±8.4
Renters paying 50% or more (severely cost-burdened)	6.3% ±2.8
Renter households (where the share can be computed)	2,875

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$877	$1,264	+44.1%
Median renter household income	$41,736	$53,239	+27.6%
Renters paying 30%+ of income	36.0%	38.1%	+2.1 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.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,150 to $1,820 depending on the ZIP code.

All 19 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
57626	$810	$890	$1,170	$1,600	$1,930
57701	$910	$1,000	$1,310	$1,680	$2,190
57702	$1,060	$1,170	$1,530	$1,960	$2,550
57706	$1,270	$1,390	$1,820	$2,470	$3,040
57718	$870	$960	$1,250	$1,730	$2,100
57719	$1,080	$1,180	$1,550	$2,030	$2,590
57737	$950	$1,040	$1,360	$1,880	$2,270
57741	$800	$880	$1,150	$1,600	$1,930
57748	$820	$900	$1,180	$1,600	$1,930
57758	$920	$1,010	$1,320	$1,810	$2,200
57761	$830	$920	$1,210	$1,600	$1,970
57767	$830	$920	$1,210	$1,600	$1,970
57769	$980	$1,080	$1,410	$1,950	$2,360
57785	$800	$880	$1,150	$1,600	$1,930
57787	$950	$1,040	$1,360	$1,880	$2,270
57788	$800	$880	$1,150	$1,600	$1,930
57791	$980	$1,070	$1,400	$1,850	$2,340
57792	$950	$1,040	$1,360	$1,880	$2,270
57793	$800	$880	$1,150	$1,600	$1,930

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Meade County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $98,000 (FY2025: $99,800, −1.8%). 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%)	$20,600 −1.9%	$23,550 −1.9%	$27,320 +1.2%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,300 −1.9%	$39,200 −1.9%	$44,100 −1.9%	$49,000 −1.8%	$52,950 −1.8%	$56,850 −1.8%	$60,800 −1.8%	$64,700 −1.8%
Low income (80%)	$54,900 −1.8%	$62,750 −1.8%	$70,600 −1.8%	$78,400 −1.8%	$84,700 −1.8%	$90,950 −1.8%	$97,250 −1.8%	$103,500 −1.8%

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.