Rapid City, SD HUD Metro FMR Area · FY2026 area median income $101,300 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $355 | $532 | $710 | $887 | $1,065 | $1,242 | $1,420 |
| 1BR | $380 | $570 | $760 | $950 | $1,140 | $1,330 | $1,521 |
| 2BR | $456 | $684 | $912 | $1,140 | $1,368 | $1,596 | $1,824 |
| 3BR | $527 | $790 | $1,054 | $1,317 | $1,581 | $1,844 | $2,108 |
| 4BR | $588 | $882 | $1,176 | $1,470 | $1,764 | $2,058 | $2,352 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $21,300 | $35,500 | $42,600 | $56,800 |
| 2 persons | $24,330 | $40,550 | $48,660 | $64,880 |
| 3 persons | $27,360 | $45,600 | $54,720 | $72,960 |
| 4 persons | $30,390 | $50,650 | $60,780 | $81,040 |
| 5 persons | $32,850 | $54,750 | $65,700 | $87,600 |
| 6 persons | $35,280 | $58,800 | $70,560 | $94,080 |
| 7 persons | $37,710 | $62,850 | $75,420 | $100,560 |
| 8 persons | $40,140 | $66,900 | $80,280 | $107,040 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Pennington County to see the sources and uses, bond test, DSCR, and funding gap using these rents.