Rental Benchmark Overview
2-Bedroom Benchmark Rent
$948$11,376 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sully County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sully 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 | $654 | $7,848 | $26,160 | $12.58/hr |
| 1-Bedroom Apartment | $722 | $8,664 | $28,880 | $13.88/hr |
| 2-Bedroom ApartmentStandard Benchmark | $948 | $11,376 | $37,920 | $18.23/hr |
| 3-Bedroom Home | $1,206 | $14,472 | $48,240 | $23.19/hr |
| 4-Bedroom Home | $1,468 | $17,616 | $58,720 | $28.23/hr |
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Frequently Asked Questions About Rent in Sully County, SD
What is the Fair Market Rent for a 2-bedroom in Sully County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sully County, SD is $948 per month ($11,376 per year).
What hourly wage is needed to afford rent in Sully County, SD?
To comfortably afford a 2-bedroom apartment at $948/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.23 per hour ($37,920/year).
What are the HUD Fair Market Rents by bedroom count in Sully County, SD?
Official 2026 HUD rents in Sully County, SD are: Studio: $654/mo, 1-Bedroom: $722/mo, 2-Bedroom: $948/mo, 3-Bedroom: $1,206/mo, and 4-Bedroom: $1,468/mo.
How do HUD Fair Market Rents compare to local incomes in Sully County, SD?
At the local Census ACS median household income of $72,578/year ($6,048/month), the benchmark 2-bedroom Fair Market Rent represents 15.7% of monthly income.
How is the 30% housing affordability standard calculated in Sully County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $948/month, the required minimum annual gross income is calculated as ($948 × 12) ÷ 0.30 = $37,920 per year.