FHA Loan Limits in Codington County, South Dakota (2026)
Buying in Codington County or elsewhere in Codington County? The 2026 FHA single-family limit across the county is $541,287. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
From Codington County to the edges of Codington County, the figures above govern FHA borrowing; buyers here frequently compare them with nearby Minnehaha and Pennington Counties.
FHA affordability around Codington County
An FHA buyer near Codington County faces an estimated $275,000 median, a $9,625 down payment, and — after South Dakota's 1.17% property tax — a monthly cost around $2,169. That suits household income of roughly $84,000, above South Dakota's $69,457 median household income, so budget carefully.
FHA payment scenarios in Codington County
FHA payments across Codington County price points — from entry homes near Codington County to the county's FHA limit (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $198,000 | $6,930 | $1,594 |
| Local median — $275,000 | $9,625 | $2,169 |
| At the FHA limit — $541,287 | $18,945 | $4,156 |
Estimates include FHA MIP plus South Dakota property taxes and insurance. Rates move daily near Codington County too — get notified.
First-time buyers make up much of FHA activity in Codington County and across Codington County, drawn by the 3.5% down payment, 580 minimum score, and the option to use gift funds toward the $9,625 needed on a median Codington County home.
Multi-unit FHA limits in Codington County
Codington County's 2026 multi-unit FHA limits reach $692,997 (duplex), $837,720 (triplex), and $1,041,072 (fourplex) — so a buyer in Codington County can live in one unit and rent the rest to offset the mortgage.
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Frequently Asked Questions
- What is the FHA loan limit in Codington County for 2026?
- In Codington County (Codington County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Codington County with FHA?
- For a median-priced ($275,000) Codington County home, plan on income around $84,000 at a 31% housing ratio — about $2,169/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Codington County?
- 3.5% with a 580+ score — roughly $9,625 on a $275,000 Codington County-area home. Gift funds are allowed.
- Is Codington County a high-cost FHA area?
- No — Codington County uses the $541,287 national floor for one unit.