Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,067$12,804 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Potter County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Potter 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 | $736 | $8,832 | $29,440 | $14.15/hr |
| 1-Bedroom Apartment | $813 | $9,756 | $32,520 | $15.63/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,067 | $12,804 | $42,680 | $20.52/hr |
| 3-Bedroom Home | $1,358 | $16,296 | $54,320 | $26.12/hr |
| 4-Bedroom Home | $1,652 | $19,824 | $66,080 | $31.77/hr |
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Frequently Asked Questions About Rent in Potter County, SD
What is the Fair Market Rent for a 2-bedroom in Potter County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Potter County, SD is $1,067 per month ($12,804 per year).
What hourly wage is needed to afford rent in Potter County, SD?
To comfortably afford a 2-bedroom apartment at $1,067/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.52 per hour ($42,680/year).
What are the HUD Fair Market Rents by bedroom count in Potter County, SD?
Official 2026 HUD rents in Potter County, SD are: Studio: $736/mo, 1-Bedroom: $813/mo, 2-Bedroom: $1,067/mo, 3-Bedroom: $1,358/mo, and 4-Bedroom: $1,652/mo.
How do HUD Fair Market Rents compare to local incomes in Potter County, SD?
At the local Census ACS median household income of $72,045/year ($6,004/month), the benchmark 2-bedroom Fair Market Rent represents 17.8% of monthly income.
How is the 30% housing affordability standard calculated in Potter County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,067/month, the required minimum annual gross income is calculated as ($1,067 × 12) ÷ 0.30 = $42,680 per year.