Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,204$14,448 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Buffalo County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Buffalo County, SD
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $830 | $9,960 | $33,200 | $15.96/hr |
| 1-Bedroom Apartment | $918 | $11,016 | $36,720 | $17.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,204 | $14,448 | $48,160 | $23.15/hr |
| 3-Bedroom Home | $1,444 | $17,328 | $57,760 | $27.77/hr |
| 4-Bedroom Home | $1,864 | $22,368 | $74,560 | $35.85/hr |
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Frequently Asked Questions About Rent in Buffalo County, SD
What is the Fair Market Rent for a 2-bedroom in Buffalo County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Buffalo County, SD is $1,204 per month ($14,448 per year).
What hourly wage is needed to afford rent in Buffalo County, SD?
To comfortably afford a 2-bedroom apartment at $1,204/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.15 per hour ($48,160/year).
What are the HUD Fair Market Rents by bedroom count in Buffalo County, SD?
Official 2026 HUD rents in Buffalo County, SD are: Studio: $830/mo, 1-Bedroom: $918/mo, 2-Bedroom: $1,204/mo, 3-Bedroom: $1,444/mo, and 4-Bedroom: $1,864/mo.
How do HUD Fair Market Rents compare to local incomes in Buffalo County, SD?
At the local Census ACS median household income of $47,045/year ($3,920/month), the benchmark 2-bedroom Fair Market Rent represents 30.7% of monthly income.
How is the 30% housing affordability standard calculated in Buffalo County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,204/month, the required minimum annual gross income is calculated as ($1,204 × 12) ÷ 0.30 = $48,160 per year.