FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR- 57049
1.09ratio
FMR$1,130
Market$1,040
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 57049
1.10ratio
FMR$1,400
Market$1,270
vs market+$130
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR- 57049
1.04ratio
FMR$1,700
Market$1,640
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 57049
1.03ratio
FMR$1,900
Market$1,850
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
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
--
North Sioux City, SD fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Sioux City, SD is $1,400 a month. That is unchanged from FY 2026. North Sioux City is in the Sioux City, IA-NE-SD MSA. 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 $1,194. The median county two-bedroom FMR in South Dakota is $1,033, so North Sioux City is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Sioux City, SD
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$970
0.0%
$873–$1,067
1BR
$1,120
$1,130
+0.9%
$1,017–$1,243
2BR
$1,400
$1,400
0.0%
$1,260–$1,540
3BR
$1,680
$1,700
+1.2%
$1,530–$1,870
4BR
$1,850
$1,900
+2.7%
$1,710–$2,090
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Sioux City, SD
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,130
$1,400
$1,700
$1,900
FY 2026
$970
$1,120
$1,400
$1,680
$1,850
FY 2025
$870
$1,000
$1,270
$1,530
$1,680
FY 2024
$830
$940
$1,220
$1,480
$1,620
FY 2023
$730
$830
$1,090
$1,340
$1,460
Questions about North Sioux City, SD rents
How much will Section 8 pay for a two-bedroom in North Sioux City, SD?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,194, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,075 to $1,313 a month; under the ZIP-level Small Area FMR of $1,400 it would be $1,260 to $1,540. 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 North Sioux City, SD in?
North Sioux City, SD is in the Sioux City, IA-NE-SD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,194.
How much did fair market rent change in North Sioux City, SD for FY 2027?
The two-bedroom FMR was unchanged at $1,400 in FY 2027. Since FY 2023 it has risen 28.4%.
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