About This Property
Parkwood Apts comprises 24 low-income units in Vermillion, South Dakota, with a unit mix of six one-bedroom and eighteen two-bedroom apartments. The property was placed in service in 2000 and operates under 4% Low-Income Housing Tax Credit financing. Management and leasing inquiries can be directed to the property office.
Waitlist Information
Waitlist managed by Vermillion Housing and Redevelopment Commission
No current information found regarding a specific public housing waiting list or application process.
Preferences include current residents of Clay County, persons in substandard housing, homeless, involuntarily displaced, and those paying over 50% of income for housing. Local preferences may also be given to domestic violence victims, elderly/disabled, and working families with children (20+ hours/week). Placement is based on date and time the preliminary application is received.
Waitlist data provided by section8waitlist.org
Updated May 8, 2026
Property Details
Fair Market Rent - Clay County, SD
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $666 |
| 1 Bedroom | $747 |
| 2 Bedroom | $982 |
| 3 Bedroom | $1,384 |
| 4 Bedroom | $1,666 |
Income Limits - Clay County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,200
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,300
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,800
- Low (80%)
- $84,450
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $28,000 | $44,800 |
| 2 Persons | $19,200 | $32,000 | $51,200 |
| 3 Persons | $21,960 | $36,000 | $57,600 |
| 4 Persons | $26,500 | $40,000 | $63,950 |
| 5 Persons | $31,040 | $43,200 | $69,100 |
| 6 Persons | $35,580 | $46,400 | $74,200 |
| 7 Persons | $40,120 | $49,600 | $79,300 |
| 8 Persons | $44,660 | $52,800 | $84,450 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Vermillion, SD?+
The Fair Market Rent (FMR) for Clay County, SD is: $666 (Studio), $747 (1BR), $982 (2BR), $1384 (3BR), $1666 (4BR). Actual rent at subsidized properties like Parkwood Apts is typically 30% of household income or less.
What size apartments are available at Parkwood Apts?+
Parkwood Apts offers the following unit types: 6 One-Bedroom, 18 Two-Bedroom units, for a total of 24 units.
What is the price range for apartments in Vermillion, SD?+
Based on Fair Market Rent for Clay County, the estimated price range is: 1-bedroom: $747, 2-bedroom: $982. Actual rent at Parkwood Apts may be lower for income-eligible households.
Who manages Parkwood Apts?+
Parkwood Apts is managed by . You can reach them at . Visit their website for more information.
What are the income limits for affordable housing in Clay County, SD?+
For a 4-person household in Clay County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $63,950. These limits are set by HUD and updated annually.
How do I apply for housing at Parkwood Apts?+
Parkwood Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Is there a waitlist for Parkwood Apts?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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