Codington County, SD

2025 Fair Market Rents

Tags: 2025 South Dakota

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Return to the state page to see where South Dakota ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Codington County are Watertown, Florence, Goodwin, and Hazel. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Codington County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Codington County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Codington County compare?

Codington County ($1,002) has a 9% higher FMR for 2-Bedroom housing than the average of South Dakota ($919) and therefore a higher gross rent.

Codington County is rank 13th out of 66 counties. This means the FMRs, or in other words, the gross rent is higher than 53 other counties. Codington County is the 13th most expensive county in terms of FMRs.

Rent Tables Codington County, SD

Fair Market Rent (40th Percentile)

$687
studio
$764
1-Bedroom
$1,002
2-Bedroom
$1,272
3-Bedroom
$1,603
4-Bedroom

Median Rent (50th Percentile)

$725
studio
$806
1-Bedroom
$1,058
2-Bedroom
$1,343
3-Bedroom
$1,693
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
57201 $690 $760 $1,000 $1,270 $1,600
57235 $660 $730 $960 $1,250 $1,600
57238 $650 $730 $950 $1,250 $1,600
57242 $650 $730 $950 $1,250 $1,600
57245 $650 $730 $950 $1,250 $1,600
57256 $650 $760 $950 $1,270 $1,600
57263 $650 $730 $950 $1,250 $1,600
57264 $650 $730 $950 $1,250 $1,600
57265 $650 $730 $950 $1,250 $1,600
57235 $660 $730 $960 $1,250 $1,600
57256 $650 $760 $950 $1,270 $1,600
57238 $650 $730 $950 $1,250 $1,600
57265 $650 $730 $950 $1,250 $1,600
57256 $650 $760 $950 $1,270 $1,600
57263 $650 $730 $950 $1,250 $1,600
57264 $650 $730 $950 $1,250 $1,600
57265 $650 $730 $950 $1,250 $1,600
57201 $690 $760 $1,000 $1,270 $1,600
57238 $650 $730 $950 $1,250 $1,600
57242 $650 $730 $950 $1,250 $1,600
57256 $650 $760 $950 $1,270 $1,600
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
57201 $621 $684 $900 $1,143 $1,440
57235 $594 $657 $864 $1,125 $1,440
57238 $585 $657 $855 $1,125 $1,440
57242 $585 $657 $855 $1,125 $1,440
57245 $585 $657 $855 $1,125 $1,440
57256 $585 $684 $855 $1,143 $1,440
57263 $585 $657 $855 $1,125 $1,440
57264 $585 $657 $855 $1,125 $1,440
57265 $585 $657 $855 $1,125 $1,440
57235 $594 $657 $864 $1,125 $1,440
57256 $585 $684 $855 $1,143 $1,440
57238 $585 $657 $855 $1,125 $1,440
57265 $585 $657 $855 $1,125 $1,440
57256 $585 $684 $855 $1,143 $1,440
57263 $585 $657 $855 $1,125 $1,440
57264 $585 $657 $855 $1,125 $1,440
57265 $585 $657 $855 $1,125 $1,440
57201 $621 $684 $900 $1,143 $1,440
57238 $585 $657 $855 $1,125 $1,440
57242 $585 $657 $855 $1,125 $1,440
57256 $585 $684 $855 $1,143 $1,440
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
57201 $759 $836 $1,100 $1,397 $1,760
57235 $726 $803 $1,056 $1,375 $1,760
57238 $715 $803 $1,045 $1,375 $1,760
57242 $715 $803 $1,045 $1,375 $1,760
57245 $715 $803 $1,045 $1,375 $1,760
57256 $715 $836 $1,045 $1,397 $1,760
57263 $715 $803 $1,045 $1,375 $1,760
57264 $715 $803 $1,045 $1,375 $1,760
57265 $715 $803 $1,045 $1,375 $1,760
57235 $726 $803 $1,056 $1,375 $1,760
57256 $715 $836 $1,045 $1,397 $1,760
57238 $715 $803 $1,045 $1,375 $1,760
57265 $715 $803 $1,045 $1,375 $1,760
57256 $715 $836 $1,045 $1,397 $1,760
57263 $715 $803 $1,045 $1,375 $1,760
57264 $715 $803 $1,045 $1,375 $1,760
57265 $715 $803 $1,045 $1,375 $1,760
57201 $759 $836 $1,100 $1,397 $1,760
57238 $715 $803 $1,045 $1,375 $1,760
57242 $715 $803 $1,045 $1,375 $1,760
57256 $715 $836 $1,045 $1,397 $1,760

Fair Market Rents on this page apply to the following cities in Codington County, South Dakota: Watertown, Florence, Goodwin, Hazel, Kranzburg, Ortley, South Shore, Stockholm, and Strandburg.

These Fair Market Rents also apply to the following ZIP codes in Codington County, South Dakota: 57201, 57235, 57238, 57242, 57245, 57256, 57263, 57264, and 57265.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.