How many renters live in Fort Thompson, South Dakota?
The City of Fort Thompson has people living in households.
There are renters living in renter households in this City. Renters make up 57.99 percent of the population living in Fort Thompson.
What is the rental market like in Fort Thompson, South Dakota?
There are an estimated housing units in the Fort Thompson area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Fort Thompson, South Dakota, there are 1.15 rental units.
What is the vacancy rate for rentals in Fort Thompson?
The rental vacancy rate in Fort Thompson is 13 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 Fort Thompson for each bedroom size?
Occupied Rental Units by Size in Fort Thompson
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 34 | 30 | 73 | 44 |
Occupied Rental Units by Size in Fort Thompson
A large number of apartments in Fort Thompson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Fort Thompson?
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 |
| One BR | 27 | 79 percent |
| Two BR | 20 | 67 percent |
Rental Units Below FMR in Fort Thompson, South Dakota
How many affordable rental units are in Fort Thompson?
There are a variety of federal affordable housing programs serving households in Fort Thompson, South Dakota including the following:
| Federal Program | Unit Count |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Fort Thompson, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fort Thompson, South Dakota
Fort Thompson features 16 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 Fort Thompson, South Dakota
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fort Thompson.
Housing Choice Vouchers in Fort Thompson, South Dakota
On average, Section 8 Housing Choice vouchers pay Fort Thompson landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fort Thompson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fort Thompson, South Dakota for a two-bedroom apartment is between $957 and $1,169.
Sourced from federal housing data and AffordableHousingOnline.com research.