What is the Fair Market Rent for a 2-bedroom in Valdez-Cordova Census Area, AK?

The HUD Fair Market Rent for a 2-bedroom unit in Valdez-Cordova Census Area, AK is $1,150 per month for fiscal year 2022. The studio FMR is $764, 1-bedroom is $987, 3-bedroom is $1,422, and 4-bedroom is $1,968.

What income do you need to afford the FMR in Valdez-Cordova Census Area, AK?

Using the standard 30%-of-income affordability rule, a household would need to earn about $46,000 per year ($3,833 per month) to afford the FY2022 2-bedroom Fair Market Rent of $1,150 in Valdez-Cordova Census Area, AK.

FY2022 Fair Market Rents — Valdez-Cordova Census Area, AK

The HUD-published Fair Market Rents for FY2022 in this area are:

Studio

$764

1BR

$987

2BR

$1,150

3BR

$1,422

4BR

$1,968

Hours/week at min wage

69 hrs

to afford the 2BR FMR @ $13.00/hr (AK)

YoY change (2BR)

+2.6%

+$29 vs FY2021 · 5-yr +1%

Voucher payment standard

$1,035–$1,265

PHAs set HCV payment at 90–110% of the 2BR FMR

Valdez-Cordova Census Area, AK

Non-Metropolitan area · AK · View full history · Income limits · LIHTC rents

FY2022 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$764	$9,168
1-Bedroom	$987	$11,844
2-Bedroom	$1,150	$13,800
3-Bedroom	$1,422	$17,064
4-Bedroom	$1,968	$23,616

Recent 2-Bedroom FMR Trend

FY2017 $1,139 → FY2022 $1,150

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2022	$764	$987	$1,150	$1,422	$1,968
FY2021	$740	$983	$1,121	$1,394	$1,675
FY2020	$809	$1,090	$1,241	$1,546	$1,847
FY2019	$793	$924	$1,222	$1,531	$1,860
FY2018	$835	$898	$1,194	$1,497	$1,838
FY2017	$851	$857	$1,139	$1,425	$1,768

View full FMR history back to FY2000 →

FY2022 Income Limits

Area Median Income (AMI): $110,200

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$23,150	$26,450	$29,750	$34,690	$40,590	$46,490
50% AMI (Very Low)	$38,600	$44,100	$49,600	$55,100	$59,550	$63,950
80% AMI (Low)	$61,750	$70,550	$79,350	$88,150	$95,250	$102,300

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$13,800/yr

FMR as % of Area Median Income

12.5% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$46,000/yr

$3,833/mo gross income

FY2022 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	$964	$1,102	$1,239	$1,487	$1,597
60% AMI Maximum	$1,157	$1,322	$1,487	$1,785	$1,917

FY2022 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	$764	$987	$1,150	$1,422	$1,790
Low HOME Rent	$965	$1,102	$1,240	$1,377	$1,488

Compare Valdez-Cordova Census Area, 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