How many renters live in South Shore, South Dakota?
The City of South Shore has people living in households.
There are renters living in renter households in this City. Renters make up 19.47 percent of the population living in South Shore.
What is the rental market like in South Shore, South Dakota?
There are an estimated housing units in the South Shore area. Of these, units are rental homes, making up percent of the housing market. For every renter household in South Shore, South Dakota, there are 1.39 rental units.
What is the vacancy rate for rentals in South Shore?
The rental vacancy rate in South Shore is 16 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 South Shore for each bedroom size?
Occupied Rental Units by Size in South Shore
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 4 | 10 | 2 | 2 |
Occupied Rental Units by Size in South Shore
A large number of apartments in South Shore have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in South Shore
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $714 to $1,776. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $714 |
| One BR | $801 |
| Two BR | $1,053 |
| Three BR | $1,378 |
| Four BR | $1,776 |
2024 Fair Market Rents in South Shore, South Dakota
How many units are rented at Fair Market Rent (FMR) in South Shore?
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 | 4 | 100 percent |
| Two BR | 6 | 60 percent |
Rental Units Below FMR in South Shore, South Dakota
How many affordable rental units are in South Shore?
Income Based Apartments in South Shore, South Dakota
South Shore 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 South Shore, South Dakota
There are 16 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Shore.
Housing Choice Vouchers in South Shore, South Dakota
On average, Section 8 Housing Choice vouchers pay South Shore landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in South Shore.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Shore, South Dakota for a two-bedroom apartment is between $948 and $1,158.
Sourced from federal housing data and AffordableHousingOnline.com research.
