How many renters live in Corson County, South Dakota?
The County of Corson County has 3,906 people living in 1,071 households.
There are 2,013 renters living in 467 renter households in this County. Renters make up 51.54 percent of the population living in Corson County.
What is the rental market like in Corson County, South Dakota?
There are an estimated 1,369 housing units in the Corson County area. Of these, 501 units are rental homes, making up 37 percent of the housing market. For every renter household in Corson County, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Corson County?
The rental vacancy rate in Corson County is 6 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 Corson County for each bedroom size?
Occupied Rental Units by Size in Corson County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 110 | 195 | 127 |
Occupied Rental Units by Size in Corson County
A large number of apartments in Corson 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 Corson County are overburdened by housing costs?
Among renter households in this market, 23 percent have housing cost burden. Further, 15 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 Corson County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,290. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,100 |
| Four BR | $1,290 |
2024 Fair Market Rents in Corson County, South Dakota
How many units are rented at Fair Market Rent (FMR) in Corson 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 |
| One BR | 13 | 87 percent |
| Two BR | 62 | 56 percent |
Rental Units Below FMR in Corson County, South Dakota
How many affordable rental units are in Corson County?
There are a variety of federal affordable housing programs serving households in Corson County, South Dakota including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 20 |
| USDA Section 515 Rural Rental Housing | 8 |
Tracked Units by Federal Program in Corson County, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Corson County, South Dakota
Corson County features 12 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 Corson County, South Dakota
There are 150 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Corson County.
Housing Choice Vouchers in Corson County, South Dakota
On average, Section 8 Housing Choice vouchers pay Corson County landlords $500 per month towards rent. The average voucher holder contributes $200 towards rent in Corson County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Corson County, South Dakota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
