How many renters live in Perkins County, South Dakota?
The County of Perkins County has 2,970 people living in 1,237 households.
There are 574 renters living in 266 renter households in this County. Renters make up 19.33 percent of the population living in Perkins County.
What is the rental market like in Perkins County, South Dakota?
There are an estimated 1,725 housing units in the Perkins County area. Of these, 266 units are rental homes, making up 15 percent of the housing market. For every renter household in Perkins County, South Dakota, there are 1 rental units.
What is the vacancy rate for rentals in Perkins County?
The rental vacancy rate in Perkins County is 0 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 Perkins County for each bedroom size?
Occupied Rental Units by Size in Perkins County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 16 | 50 | 91 | 65 | 10 |
Occupied Rental Units by Size in Perkins County
A large number of apartments in Perkins 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 Perkins County are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 11 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 Perkins County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $613 to $1,454. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $613 |
| One BR | $729 |
| Two BR | $905 |
| Three BR | $1,251 |
| Four BR | $1,454 |
2024 Fair Market Rents in Perkins County, South Dakota
How many units are rented at Fair Market Rent (FMR) in Perkins 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 | 0 | 100 percent |
| One BR | 48 | 96 percent |
| Two BR | 46 | 51 percent |
Rental Units Below FMR in Perkins County, South Dakota
How many affordable rental units are in Perkins County?
There are a variety of federal affordable housing programs serving households in Perkins County, South Dakota including the following:
| Federal Program | Unit Count |
| Public Housing | 44 |
| Section 8 Project-Based Rental Assistance | 32 |
| USDA Section 515 Rural Rental Housing | 12 |
Tracked Units by Federal Program in Perkins County, South Dakota
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Perkins County, South Dakota
Perkins County features 96 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 Perkins County, South Dakota
There are 20 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Perkins County.
Housing Choice Vouchers in Perkins County, South Dakota
On average, Section 8 Housing Choice vouchers pay Perkins County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Perkins County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Perkins County, South Dakota for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
