Average Rent in Faulk County, SD↑ Rents rising 11.3% YoY

Faulk County, SD has rental prices ranging from $736/month to $1,667/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $808/month — 42% below the national average of $1,400/month. With a median household income of $58,000/year, spending $808/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Faulk County Compares

With an average 2-bedroom rent of $1,057/month, Faulk County ranks #28 most expensive of the 64 cities tracked in South Dakota — pricier than 57% of all US cities in our data.

The Faulk County Rental Market

The Faulk County, SD area has a population of about 2,137 and 18% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Faulk County, SD have risen by $107/month (11.3%) over the past year, from $950 to $1,057. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Faulk County, SD without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $32,320. The local median household income of $58,000 exceeds that threshold by $25,680, making Faulk County relatively accessible compared to local wages.

Economy & Jobs

Faulk County, SD has an unemployment rate of 1.3%, 2.6 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Faulk County, SD Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Faulk County?

Break-even analysis and mortgage estimates based on local market data.

Living in Faulk County

Cost of living, job market, crime rates, and moving cost estimates.