How many renters live in Beadle County, South Dakota?
The County of Beadle County has 19,089 people living in 7,443 households.
There are 5,101 renters living in 2,229 renter households in this County. Renters make up 26.72 percent of the population living in Beadle County.
What is the rental market like in Beadle County, South Dakota?
There are an estimated 8,436 housing units in the Beadle County area. Of these, 2,445 units are rental homes, making up 29 percent of the housing market. For every renter household in Beadle County, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Beadle County?
The rental vacancy rate in Beadle County is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Beadle County for each bedroom size?
Occupied Rental Units by Size in Beadle County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 239 | 478 | 941 | 405 | 86 |
Occupied Rental Units by Size in Beadle County
A large number of apartments in Beadle County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Beadle County are overburdened by housing costs?
Among renter households in this market, 33 percent have housing cost burden. Further, 12 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Beadle County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $647 to $1,462. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $647 |
| One BR | $726 |
| Two BR | $954 |
| Three BR | $1,216 |
| Four BR | $1,462 |
2024 Fair Market Rents in Beadle County, South Dakota
How many units are rented at Fair Market Rent (FMR) in Beadle County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 82 | 34 percent |
| One BR | 397 | 83 percent |
| Two BR | 611 | 65 percent |
Rental Units Below FMR in Beadle County, South Dakota
How many affordable rental units are in Beadle County?
There are a variety of federal affordable housing programs serving households in Beadle County, South Dakota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 42 |
| Section 8 Project-Based Rental Assistance | 193 |
| USDA Section 515 Rural Rental Housing | 261 |
Tracked Units by Federal Program in Beadle County, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Beadle County, South Dakota
Beadle County features 456 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Beadle County, South Dakota
There are 93 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beadle County.
Housing Choice Vouchers in Beadle County, South Dakota
On average, Section 8 Housing Choice vouchers pay Beadle County landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Beadle County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Beadle County, South Dakota for a two-bedroom apartment is between $859 and $1,049.
Sourced from federal housing data and AffordableHousingOnline.com research.
