FY2026 Fair Market Rents — Fairbanks, AK MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,156
1BR
$1,277
2BR
$1,676
3BR
$2,331
4BR
$2,812
Hours/week at min wage
100 hrs
to afford the 2BR FMR @ $13.00/hr (AK)
YoY change (2BR)
+0.4%
+$7 vs FY2025 · 5-yr +28.8%
Voucher payment standard
$1,508–$1,844
PHAs set HCV payment at 90–110% of the 2BR FMR
Fairbanks, AK MSA
Non-Metropolitan area · AK · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,156 | $13,872 |
| 1-Bedroom | $1,277 | $15,324 |
| 2-Bedroom | $1,676 | $20,112 |
| 3-Bedroom | $2,331 | $27,972 |
| 4-Bedroom | $2,812 | $33,744 |
Recent 2-Bedroom FMR Trend
FY2020 $1,325 → FY2026 $1,676
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,156 | $1,277 | $1,676 | $2,331 | $2,812 |
| FY2025 | $1,144 | $1,272 | $1,669 | $2,339 | $2,803 |
| FY2024 | $1,116 | $1,253 | $1,646 | $2,320 | $2,793 |
| FY2023 | $993 | $1,128 | $1,485 | $2,110 | $2,529 |
| FY2022 | $877 | $1,003 | $1,320 | $1,875 | $2,259 |
| FY2021 | $858 | $987 | $1,301 | $1,862 | $2,253 |
| FY2020 | $863 | $1,006 | $1,325 | $1,911 | $2,326 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $116,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $24,450 | $27,950 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI (Very Low) | $40,750 | $46,550 | $52,350 | $58,150 | $62,850 | $67,500 |
| 80% AMI (Low) | $65,150 | $74,450 | $83,750 | $93,050 | $100,500 | $107,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$20,112/yr
FMR as % of Area Median Income
17.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$67,040/yr
$5,587/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,017 | $1,163 | $1,308 | $1,570 | $1,686 |
| 60% AMI Maximum | $1,221 | $1,395 | $1,570 | $1,884 | $2,023 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,156 | $1,277 | $1,676 | $1,889 | $1,889 |
| Low HOME Rent | $1,018 | $1,163 | $1,308 | $1,453 | $1,571 |
Compare Fairbanks, AK MSA With Other AK Metros
vs. Anchorage, AK HUD Metro FMR Area
vs. Fairbanks, AK MSA
vs. Matanuska-Susitna Borough, AK HUD Metro FMR Area