Rental Benchmark Overview
2-Bedroom Benchmark Rent
$980$11,760 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Walworth County, SD
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Walworth 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 | $676 | $8,112 | $27,040 | $13.00/hr |
| 1-Bedroom Apartment | $747 | $8,964 | $29,880 | $14.37/hr |
| 2-Bedroom ApartmentStandard Benchmark | $980 | $11,760 | $39,200 | $18.85/hr |
| 3-Bedroom Home | $1,175 | $14,100 | $47,000 | $22.60/hr |
| 4-Bedroom Home | $1,470 | $17,640 | $58,800 | $28.27/hr |
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Frequently Asked Questions About Rent in Walworth County, SD
What is the Fair Market Rent for a 2-bedroom in Walworth County, SD?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Walworth County, SD is $980 per month ($11,760 per year).
What hourly wage is needed to afford rent in Walworth County, SD?
To comfortably afford a 2-bedroom apartment at $980/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.85 per hour ($39,200/year).
What are the HUD Fair Market Rents by bedroom count in Walworth County, SD?
Official 2026 HUD rents in Walworth County, SD are: Studio: $676/mo, 1-Bedroom: $747/mo, 2-Bedroom: $980/mo, 3-Bedroom: $1,175/mo, and 4-Bedroom: $1,470/mo.
How do HUD Fair Market Rents compare to local incomes in Walworth County, SD?
At the local Census ACS median household income of $65,026/year ($5,419/month), the benchmark 2-bedroom Fair Market Rent represents 18.1% of monthly income.
How is the 30% housing affordability standard calculated in Walworth County, SD?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $980/month, the required minimum annual gross income is calculated as ($980 × 12) ÷ 0.30 = $39,200 per year.