Rental Benchmark Overview
2-Bedroom Benchmark Rent
$936$11,232 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Davison County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Davison 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 | $645 | $7,740 | $25,800 | $12.40/hr |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | $13.71/hr |
| 2-Bedroom ApartmentStandard Benchmark | $936 | $11,232 | $37,440 | $18.00/hr |
| 3-Bedroom Home | $1,302 | $15,624 | $52,080 | $25.04/hr |
| 4-Bedroom Home | $1,570 | $18,840 | $62,800 | $30.19/hr |
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Frequently Asked Questions About Rent in Davison County, SD
What is the Fair Market Rent for a 2-bedroom in Davison County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Davison County, SD is $936 per month ($11,232 per year).
What hourly wage is needed to afford rent in Davison County, SD?
To comfortably afford a 2-bedroom apartment at $936/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.00 per hour ($37,440/year).
What are the HUD Fair Market Rents by bedroom count in Davison County, SD?
Official 2026 HUD rents in Davison County, SD are: Studio: $645/mo, 1-Bedroom: $713/mo, 2-Bedroom: $936/mo, 3-Bedroom: $1,302/mo, and 4-Bedroom: $1,570/mo.
How do HUD Fair Market Rents compare to local incomes in Davison County, SD?
At the local Census ACS median household income of $66,208/year ($5,517/month), the benchmark 2-bedroom Fair Market Rent represents 17% of monthly income.
How is the 30% housing affordability standard calculated in Davison County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $936/month, the required minimum annual gross income is calculated as ($936 × 12) ÷ 0.30 = $37,440 per year.