Affordable Housing In Corson County
South Dakota

7 Low Income Apartment Communities In Corson County

Mclaughlin Manor

204 1st Ave E
Mclaughlin, SD

Standing Rock XIV

5141 Hunkpapa Ave
Bullhead, SD
HCV Welcome

Morningside Apartments

325 3rd Ave E
Mcintosh, SD

Standing Rock Xvii

6001 4th St W
Mclaughlin, SD
HCV Welcome

Unit 5414

Unit 5414
Little Eagle, SD
HCV Welcome

Standing Rock V

6115 Bullhead
Mclaughlin, SD
HCV Welcome

Standing Rock Homes X

Mc Laughlin
Mclaughlin, SD
HCV Welcome
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Guide To Affordable Housing in Corson County, South Dakota

There are 7 low income housing apartment communities offering 162 affordable apartments for rent in Corson County, South Dakota. Corson County features 12 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 150 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Corson County.

Sourced from federal housing data and research.

Corson County, SD Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 162
Total Housing Units with Rental Assistance 12
Percentage of Housing Units Occupied By Renters 48.41%
Average Renter Household Size 3.90
Average Household Size 3.37
Median Household Income $31,676 ±$2,633
Median Rent $408 ±$29
Percentage Of Renters Overburdened 33.61% ± 5.41pp
Total Population 4,149

Population and Household Demographics

Corson County is a County in South Dakota with a population of 4,149. There are 1,229 households in the county with an average household size of 3.37 persons. 48.41% of households in Corson County are renters.

Income and Rent Overburden in Corson County

The median gross income for households in Corson County is $31,676 a year, or $2,640 a month. The median rent for the county is $408 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Corson County, a household making less than $1,360 a month would be considered overburdened when renting an apartment at or above the median rent. 33.61% of households who rent are overburdened in Corson County.1

Area Median Income In Corson County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Corson County, HUD calculates the Area Median Income for a family of four as $36,900

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Corson County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Corson County HUD Rental Assistance in Corson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,850 $17,000 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
80% of Median $39,550 $45,200 $50,850 $56,500 $61,050 $65,550 $70,100 $74,600
Low Income Housing Tax Credits in Corson County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 2001 to 2009, 5 low income apartment communities containing 149 rental apartments have been constructed and made affordable to low income persons in Corson County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Corson County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,750 $28,250 $31,800 $35,300 $38,150 $40,950 $43,800 $46,600
60% of Median $29,700 $33,900 $38,160 $42,360 $45,780 $49,140 $52,560 $55,920

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Corson County is $38,160 a year, or $3,180 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,180 by 30% to get a maximum rent of $954 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $619 $663 $795 $918 $1,024 $1,130
60% $743 $795 $954 $1,102 $1,229 $1,356
Fair Market Rents in Corson County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$487 $542 $714 $943 $1,109

Cities In Corson County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Mclaughlin 4
Little Eagle 1
Bullhead 1
Mcintosh 1
Morristown 0