Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Mud Butte, SD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mud Butte, SD is $1,320 a month. That is up 6.5% from $1,240 in FY 2026. Mud Butte is in the Meade County, 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 $1,357. The median county two-bedroom FMR in South Dakota is $1,033, so Mud Butte is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mud Butte, SD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$850
$920
+8.2%
$828–$1,012
1BR
$950
$1,010
+6.3%
$909–$1,111
2BR
$1,240
$1,320
+6.5%
$1,188–$1,452
3BR
$1,720
$1,810
+5.2%
$1,629–$1,991
4BR
$2,070
$2,200
+6.3%
$1,980–$2,420
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mud Butte, SD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$920
$1,010
$1,320
$1,810
$2,200
FY 2026
$850
$950
$1,240
$1,720
$2,070
FY 2025
$740
$820
$1,070
$1,480
$1,790
FY 2024
$790
$880
$1,160
$1,550
$1,970
FY 2023
$680
$770
$1,010
$1,340
$1,720
Questions about Mud Butte, SD rents
How much will Section 8 pay for a two-bedroom in Mud Butte, SD?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,357, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,221 to $1,493 a month; under the ZIP-level Small Area FMR of $1,320 it would be $1,188 to $1,452. 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 Mud Butte, SD in?
Mud Butte, SD is in the Meade County, SD HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,357.
How much did fair market rent change in Mud Butte, SD for FY 2027?
The two-bedroom FMR rose 6.5%, from $1,240 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 30.7%.
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