FY2026 Fair Market Rents — Kodiak Island Borough, AK
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,431
1BR
$1,581
2BR
$2,075
3BR
$2,488
4BR
$2,747
Hours/week at min wage
123 hrs
to afford the 2BR FMR @ $13.00/hr (AK)
YoY change (2BR)
+11.2%
+$209 vs FY2025 · 5-yr +41.3%
Voucher payment standard
$1,868–$2,283
PHAs set HCV payment at 90–110% of the 2BR FMR
Kodiak Island Borough, AK
Non-Metropolitan area · AK · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,431 | $17,172 |
| 1-Bedroom | $1,581 | $18,972 |
| 2-Bedroom | $2,075 | $24,900 |
| 3-Bedroom | $2,488 | $29,856 |
| 4-Bedroom | $2,747 | $32,964 |
Recent 2-Bedroom FMR Trend
FY2020 $1,432 → FY2026 $2,075
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,431 | $1,581 | $2,075 | $2,488 | $2,747 |
| FY2025 | $1,280 | $1,422 | $1,866 | $2,295 | $2,474 |
| FY2024 | $1,228 | $1,379 | $1,812 | $2,220 | $2,622 |
| FY2023 | $1,094 | $1,243 | $1,636 | $2,023 | $2,431 |
| FY2022 | $1,042 | $1,192 | $1,568 | $1,938 | $2,402 |
| FY2021 | $969 | $1,115 | $1,469 | $1,860 | $2,176 |
| FY2020 | $1,019 | $1,087 | $1,432 | $2,066 | $2,074 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $113,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $25,400 | $29,000 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI (Very Low) | $42,350 | $48,400 | $54,450 | $60,450 | $65,300 | $70,150 |
| 80% AMI (Low) | $67,700 | $77,400 | $87,050 | $96,700 | $104,450 | $112,200 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$24,900/yr
FMR as % of Area Median Income
22% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$83,000/yr
$6,917/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 | $989 | $1,131 | $1,272 | $1,526 | $1,639 |
| 60% AMI Maximum | $1,187 | $1,357 | $1,526 | $1,832 | $1,967 |
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 | $1,431 | $1,581 | $1,837 | $1,837 | $1,837 |
| Low HOME Rent | $1,058 | $1,210 | $1,361 | $1,511 | $1,632 |
Compare Kodiak Island Borough, AK With Other AK Metros
vs. Anchorage, AK HUD Metro FMR Area
vs. Fairbanks, AK MSA
vs. Matanuska-Susitna Borough, AK HUD Metro FMR Area