Lyman County, SD Fair Market Rent & Section 8 (FY2026)
Official HUD Fair Market Rent for Lyman County (Lyman County, SD), with the typical 90–110% Section 8 voucher payment-standard range.
| Unit size | Fair Market Rent | Voucher range (90–110%) |
|---|---|---|
| Studio | $648 | $583–$713 |
| 1 BR | $716 | $644–$788 |
| 2 BR | $940 | $846–$1,034 |
| 3 BR | $1,127 | $1,014–$1,240 |
| 4 BR | $1,455 | $1,310–$1,601 |
Source: HUD FY2026 Fair Market Rents. Voucher range = 90–110% of FMR (your PHA sets the exact standard).
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What this means
If you rent (or are renting out) a home in Lyman County with a Housing Choice Voucher, the housing authority caps assistance at its payment standard — usually 90–110% of the Fair Market Rent above. A 2-bedroom payment standard here is roughly $846–$1,034/month. The tenant generally pays about 30% of adjusted income toward rent and utilities, and the voucher covers the rest up to the standard. The unit must also pass a housing-quality inspection and a rent-reasonableness check.
Frequently asked questions
- What is the Fair Market Rent in Lyman County, SD for 2026?
- For FY2026, HUD's Fair Market Rent in Lyman County (Lyman County, SD) is $648 for a studio, $716 for 1 bedroom, $940 for 2 bedrooms, $1,127 for 3 bedrooms, and $1,455 for 4 bedrooms.
- How much will a Section 8 voucher cover in Lyman County?
- Housing authorities set the payment standard between 90% and 110% of the Fair Market Rent. For a 2-bedroom in Lyman County that range is about $846–$1,034 per month. Your local PHA sets the exact figure, and your share is generally about 30% of your adjusted monthly income.
- Is Fair Market Rent the same as the voucher amount?
- No. FMR is HUD's rent estimate for the area; the voucher payment standard is set by your local Public Housing Authority within 90–110% of FMR, and the rent must also pass a "rent reasonableness" review and a housing-quality inspection.