Refinance or buy a home with a low 3.5% down payment! Get Started Now ➔ Logo Fall River County Fair Market Rent FY 2014 Fall River County, SD Rental Data

Fair Market Rent Prices in Fall River County, SD :
$541 $548 $741 $1,016 $1,020
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Fall River County are high compared to the national average. This FMR area is more expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Fall River County is $741 per month.

The previous year, rent for a two-bedroom home was $718 per month. This is a 3.2% increase year-over-year.

This FMR rate applies to Oelrichs, SD, Oral, SD, Smithwick, SD and other cities within the region. The Metro Code or CBSA code for this region is NCNTY46047N46047.

Additionally, This Fair Market Rent (FMR) area Fall River County, SD spans one county or city in South Dakota which is listed in the table below. Estimated population of Fall River County, SD FMR area is 7,094 people based on latest Census data.

Compared to the rest of South Dakota, the Fall River County FMR area is more expensive than 93% of the state.

South Dakota Rents Map

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Fall River County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Fall River County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 557
1-BR 1-Bedroom $ 563
2-BR 2-Bedroom $ 762
3-BR 3-Bedroom $ 1045
4-BR 4-Bedroom $ 1049
Change Year:

There is just one county (listed below) within the Fall River County, SD FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Rapid City.

County / Region Est. Population
Fall River County, SD 7,094
Zip Codes in Fall River County, SD

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

57763, 57766 and 57782

Lookup Fair Market Rent by Zip Code
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