Tags: 2024 Rapid City, SD HUD Metro FMR Area
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Return to the state page to see where South Dakota ranks nationally and to view information on other counties. Click on the map to view a different county.
The top four largest cities in Pennington County are Rapid City, Hill City, Wall, and Caputa. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.
What type of FMR does Pennington County use?
Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Pennington County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.
To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.
How does Pennington County compare?
Pennington County ($1,163) has a 20.8% higher FMR for 2-Bedroom housing than the average of South Dakota ($963) and therefore a higher gross rent.
Pennington County is rank 2nd out of 66 counties. This means the FMRs, or in other words, the gross rent is higher than 64 other counties. Pennington County is the 2nd most expensive county in terms of FMRs.
Rent Tables Pennington County, SD
Fair Market Rent (40th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Median Rent (50th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Small Market Areas (By Zip Code)
The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.
FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.
For a more in-depth explaination return to the overview page.
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 57703 | $990 | $1,110 | $1,460 | $2,000 | $2,240 |
| 57709 | $790 | $880 | $1,160 | $1,590 | $1,780 |
| 57725 | $930 | $1,040 | $1,370 | $1,870 | $2,100 |
| 57745 | $680 | $770 | $1,010 | $1,380 | $1,550 |
| 57780 | $790 | $880 | $1,160 | $1,590 | $1,780 |
| 57790 | $610 | $690 | $910 | $1,240 | $1,390 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 57703 | $891 | $999 | $1,314 | $1,800 | $2,016 |
| 57709 | $711 | $792 | $1,044 | $1,431 | $1,602 |
| 57725 | $837 | $936 | $1,233 | $1,683 | $1,890 |
| 57745 | $612 | $693 | $909 | $1,242 | $1,395 |
| 57780 | $711 | $792 | $1,044 | $1,431 | $1,602 |
| 57790 | $549 | $621 | $819 | $1,116 | $1,251 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 57703 | $1,089 | $1,221 | $1,606 | $2,200 | $2,464 |
| 57709 | $869 | $968 | $1,276 | $1,749 | $1,958 |
| 57725 | $1,023 | $1,144 | $1,507 | $2,057 | $2,310 |
| 57745 | $748 | $847 | $1,111 | $1,518 | $1,705 |
| 57780 | $869 | $968 | $1,276 | $1,749 | $1,958 |
| 57790 | $671 | $759 | $1,001 | $1,364 | $1,529 |
Related Areas
Fair Market Rents on this page apply to the following cities in Pennington County, South Dakota: Rapid City, Hill City, Wall, Caputa, and Scenic.
These Fair Market Rents also apply to the following ZIP codes in Pennington County, South Dakota: 57703, 57709, 57745, 57790, 57725, and 57780.
Pennington County, SD is considered part of the following metro FMR area: RAPID CITY, SD HUD METRO FMR AREA.
More on Pennington County, SD
- Loan Limits to view maximum loan amounts in Pennington County, SD
- Property Taxes to find local Property Taxes
- Income Limits to learn more about income assistance in your area
- Housing Authorites to find your local Housing Authorities
Citation
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Data Source
Fair Market Rents are published by the Department of Housing And Urban Development.