About This Property
Springwood offers 24 low-income units in Watertown, South Dakota, with a mix of 18 two-bedroom and 6 three-bedroom apartments. The property has been in service since 1997 and utilizes 9% Low-Income Housing Tax Credits to support affordability. This development is located in Codington County and serves eligible low-income households.
Waitlist Information
Waitlist managed by Watertown Housing and Redevelopment Commission
The program serves families and senior/disabled individuals, with preferences for elderly, disabled, victims of domestic violence, or working families. Applicants must meet HUD income guidelines, eligibility requirements regarding criminal background, and previous landlord references are required.
Preferences are given for Near-Elderly, Displaced by Natural Disaster, Victims of Domestic Violence, and those who Live, Work, or Attend School Locally. Applicants must meet HUD income guidelines and eligibility requirements regarding criminal background.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Codington 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 | $714 |
| 1 Bedroom | $801 |
| 2 Bedroom | $1,053 |
| 3 Bedroom | $1,378 |
| 4 Bedroom | $1,776 |
Income Limits - Codington County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,400
- Very Low (50%)
- $27,300
- Low (80%)
- $43,700
- Extremely Low (30%)
- $18,750
- Very Low (50%)
- $31,200
- Low (80%)
- $49,950
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $35,100
- Low (80%)
- $56,200
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $39,000
- Low (80%)
- $62,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $42,150
- Low (80%)
- $67,400
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $45,250
- Low (80%)
- $72,400
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $48,400
- Low (80%)
- $77,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $51,500
- Low (80%)
- $82,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,400 | $27,300 | $43,700 |
| 2 Persons | $18,750 | $31,200 | $49,950 |
| 3 Persons | $21,960 | $35,100 | $56,200 |
| 4 Persons | $26,500 | $39,000 | $62,400 |
| 5 Persons | $31,040 | $42,150 | $67,400 |
| 6 Persons | $35,580 | $45,250 | $72,400 |
| 7 Persons | $40,120 | $48,400 | $77,400 |
| 8 Persons | $44,660 | $51,500 | $82,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Watertown, SD?+
The Fair Market Rent (FMR) for Codington County, SD is: $714 (Studio), $801 (1BR), $1053 (2BR), $1378 (3BR), $1776 (4BR). Actual rent at subsidized properties like Springwood is typically 30% of household income or less.
What size apartments are available at Springwood?+
Springwood offers the following unit types: 18 Two-Bedroom, 6 Three-Bedroom units, for a total of 24 units.
Is there a waitlist for Springwood?+
Public Housing waitlist is currently Open. 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.
How do I apply for housing at Springwood?+
Springwood 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.
Who manages Springwood?+
Springwood is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Watertown, SD?+
Based on Fair Market Rent for Codington County, the estimated price range is: 2-bedroom: $1053, 3-bedroom: $1378. Actual rent at Springwood may be lower for income-eligible households.
What are the income limits for affordable housing in Codington County, SD?+
For a 4-person household in Codington County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $39,000, Low Income (80% AMI): $62,400. These limits are set by HUD and updated annually.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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