FMR is below market; voucher rent may lag private rents.
0.55
1 BR
1 BR- 57718
0.74ratio
FMR$960
Market$1,290
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 57718
0.91ratio
FMR$1,250
Market$1,380
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 57718
0.96ratio
FMR$1,730
Market$1,800
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 57718
1.08ratio
FMR$2,100
Market$1,940
vs market+$160
FMR is near market; voucher and private rents are aligned.
1.08
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Black Hawk, SD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Black Hawk, SD is $1,250 a month. That is up 1.6% from $1,230 in FY 2026. Black Hawk is in the Rapid City, SD HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,430. The median county two-bedroom FMR in South Dakota is $1,033, so Black Hawk is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Black Hawk, SD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$870
+2.4%
$783–$957
1BR
$940
$960
+2.1%
$864–$1,056
2BR
$1,230
$1,250
+1.6%
$1,125–$1,375
3BR
$1,710
$1,730
+1.2%
$1,557–$1,903
4BR
$2,070
$2,100
+1.4%
$1,890–$2,310
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Black Hawk, SD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$960
$1,250
$1,730
$2,100
FY 2026
$850
$940
$1,230
$1,710
$2,070
FY 2025
$740
$830
$1,080
$1,460
$1,840
FY 2024
$820
$920
$1,200
$1,610
$2,040
FY 2023
$720
$820
$1,080
$1,440
$1,840
Questions about Black Hawk, SD rents
How much will Section 8 pay for a two-bedroom in Black Hawk, SD?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,430, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,287 to $1,573 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Black Hawk, SD in?
Black Hawk, SD is in the Rapid City, SD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,430.
How much did fair market rent change in Black Hawk, SD for FY 2027?
The two-bedroom FMR rose 1.6%, from $1,230 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 15.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set