Low Income Apartments and Affordable Housing For Rent in Pierpont, SD

Discover affordable housing in Pierpont where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Pierpont Apartments

205 3rd Ave W, Pierpont, South Dakota 57468

Open Until Further Notice

Reported On February 23rd, 2024 by Chris Madden

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Pierpont, South Dakota
$17.14/hour
$5.94 (+53%) more than South Dakota minimum wage and $9.89 (+136%) more than the Federal minimum wage.
Learn More About Pierpont, South Dakota Affordable Housing ↓

What HUD offices serve Pierpont, South Dakota?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Pierpont, South Dakota.

Go to the South Dakota Public Housing and Low-Income Apartments Waiting Lists page for openings near Pierpont.

How many renters live in Pierpont, South Dakota?

The City of Pierpont has 127 people living in 57 households.

There are 32 renters living in 7 renter households in this City. Renters make up 25.2 percent of the population living in Pierpont.

What is the rental market like in Pierpont, South Dakota?

There are an estimated 80 housing units in the Pierpont area. Of these, 10 units are rental homes, making up 13 percent of the housing market. For every renter household in Pierpont, South Dakota, there are 1 rental units.

What is the vacancy rate for rentals in Pierpont?

The rental vacancy rate in Pierpont 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 Pierpont for each bedroom size?

Occupied Rental Units by Size in Pierpont
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 1 0 2 4
Occupied Rental Units by Size in Pierpont

A large number of apartments in Pierpont 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 Pierpont are overburdened by housing costs?

Among renter households in this market, 0 percent have housing cost burden. Further, 0 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 Pierpont

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 $710
Two BR $905
Three BR $1,177
Four BR $1,454
2024 Fair Market Rents in Pierpont, South Dakota

How many units are rented at Fair Market Rent (FMR) in Pierpont?

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 0 100 percent
Rental Units Below FMR in Pierpont, South Dakota

How many affordable rental units are in Pierpont?

Income Based Apartments in Pierpont, South Dakota

Pierpont features 0 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 Pierpont, South Dakota

There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Pierpont.

Housing Choice Vouchers in Pierpont, South Dakota

On average, Section 8 Housing Choice vouchers pay Pierpont landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Pierpont.

The maximum amount a voucher would pay on behalf of a low-income tenant in Pierpont, South Dakota for a two-bedroom apartment is between $815 and $996.

Sourced from federal housing data and AffordableHousingOnline.com research.