About This Property
Homestead Trails Rent to Own I offers 27 three-bedroom units designed for low-income households in Sioux Falls, South Dakota. The property has been in service since 1997 and utilizes 9% Low-Income Housing Tax Credits to support affordability. All 27 units serve the same bedroom configuration in this Minnehaha County community.
Waitlist Information
Waitlist managed by Sioux Falls Housing and Redevelopment Commission
Sioux Falls Housing offers 3 and 4-bedroom single-family homes and apartments for those at or below 30% and 50% Area Median Income. Rent is based on 30% of adjusted monthly income, and tenants are responsible for utilities, lawn maintenance, and snow removal.
The Housing Choice Voucher wait list will close on September 22, 2025. New waiting list applications will no longer be accepted after that date until further notice. For those already on the waiting list, use RED - PORTAL LOGIN for updates.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Minnehaha 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 | $769 |
| 1 Bedroom | $884 |
| 2 Bedroom | $1,042 |
| 3 Bedroom | $1,417 |
| 4 Bedroom | $1,768 |
Income Limits - Minnehaha County, SD
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $17,350
- Very Low (50%)
- $28,900
- Low (80%)
- $46,200
- Extremely Low (30%)
- $19,800
- Very Low (50%)
- $33,000
- Low (80%)
- $52,800
- Extremely Low (30%)
- $22,300
- Very Low (50%)
- $37,150
- Low (80%)
- $59,400
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $41,250
- Low (80%)
- $66,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $44,550
- Low (80%)
- $71,300
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $47,850
- Low (80%)
- $76,600
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $51,150
- Low (80%)
- $81,850
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $54,450
- Low (80%)
- $87,150
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $17,350 | $28,900 | $46,200 |
| 2 Persons | $19,800 | $33,000 | $52,800 |
| 3 Persons | $22,300 | $37,150 | $59,400 |
| 4 Persons | $26,500 | $41,250 | $66,000 |
| 5 Persons | $31,040 | $44,550 | $71,300 |
| 6 Persons | $35,580 | $47,850 | $76,600 |
| 7 Persons | $40,120 | $51,150 | $81,850 |
| 8 Persons | $44,660 | $54,450 | $87,150 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Sioux Falls, SD?+
The Fair Market Rent (FMR) for Minnehaha County, SD is: $769 (Studio), $884 (1BR), $1042 (2BR), $1417 (3BR), $1768 (4BR). Actual rent at subsidized properties like Homestead Trails Rent to Own I is typically 30% of household income or less.
What size apartments are available at Homestead Trails Rent to Own I?+
Homestead Trails Rent to Own I offers the following unit types: 27 Three-Bedroom units, for a total of 27 units.
What are the income limits for affordable housing in Minnehaha County, SD?+
For a 4-person household in Minnehaha County, SD, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $41,250, Low Income (80% AMI): $66,000. These limits are set by HUD and updated annually.
Who manages Homestead Trails Rent to Own I?+
Homestead Trails Rent to Own I is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Sioux Falls, SD?+
Based on Fair Market Rent for Minnehaha County, the estimated price range is: 3-bedroom: $1417. Actual rent at Homestead Trails Rent to Own I may be lower for income-eligible households.
How do I apply for housing at Homestead Trails Rent to Own I?+
Homestead Trails Rent to Own I 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 Homestead Trails Rent to Own I?+
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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