Sioux Falls Fair Market Rent FY 2008 Sioux Falls, SD MSA Rental Data

Fair Market Rent prices in Sioux Falls 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 Sioux Falls is $653 per month.

The previous year, rent for a two-bedroom home was $640 per month. This is a 2.03% increase year-over-year.

This FMR rate applies to Fairview, SD, Hudson, SD, Worthing, SD, Alcester, SD, Lennox, SD, Canton, SD, Tea, SD, Harrisburg, SD, Sioux Falls, SD and other cities within the region. The Metro Code or CBSA code for this region is METRO43620M43620.

Additionally, This Fair Market Rent (FMR) area Sioux Falls, SD MSA spans one county or city in South Dakota which is listed in the table below. Estimated population of Sioux Falls, SD MSA FMR area is 24,131 people based on latest Census data.

Compared to the rest of South Dakota, the Sioux Falls FMR area is more expensive than 98% of the state.

Median Rent Prices in Sioux Falls

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.

50^th Percentile Rental Prices: