How many renters live in Hutchinson County, South Dakota?
The County of Hutchinson County has 7,401 people living in 2,931 households.
There are 1,517 renters living in 683 renter households in this County. Renters make up 20.5 percent of the population living in Hutchinson County.
What is the rental market like in Hutchinson County, South Dakota?
There are an estimated 3,220 housing units in the Hutchinson County area. Of these, 709 units are rental homes, making up 22 percent of the housing market. For every renter household in Hutchinson County, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Hutchinson County?
The rental vacancy rate in Hutchinson County is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Hutchinson County for each bedroom size?
Occupied Rental Units by Size in Hutchinson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 182 | 220 | 210 | 33 |
Occupied Rental Units by Size in Hutchinson County
A large number of apartments in Hutchinson 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 Hutchinson County are overburdened by housing costs?
Among renter households in this market, 22 percent have housing cost burden. Further, 8 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 Hutchinson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $662 to $1,300. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $662 |
| One BR | $743 |
| Two BR | $976 |
| Three BR | $1,195 |
| Four BR | $1,300 |
2024 Fair Market Rents in Hutchinson County, South Dakota
How many units are rented at Fair Market Rent (FMR) in Hutchinson 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 | 21 | 81 percent |
| One BR | 161 | 88 percent |
| Two BR | 150 | 68 percent |
Rental Units Below FMR in Hutchinson County, South Dakota
How many affordable rental units are in Hutchinson County?
There are a variety of federal affordable housing programs serving households in Hutchinson County, South Dakota including the following:
| Federal Program | Unit Count |
| Section 8 Project-Based Rental Assistance | 48 |
| USDA Section 515 Rural Rental Housing | 56 |
Tracked Units by Federal Program in Hutchinson County, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Hutchinson County, South Dakota
Hutchinson County features 112 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 Hutchinson County, South Dakota
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Hutchinson County.
Housing Choice Vouchers in Hutchinson County, South Dakota
On average, Section 8 Housing Choice vouchers pay Hutchinson County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Hutchinson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Hutchinson County, South Dakota for a two-bedroom apartment is between $878 and $1,074.
Sourced from federal housing data and AffordableHousingOnline.com research.
