FY2019 Fair Market Rents — Wade Hampton Census Area, AK
The HUD-published Fair Market Rents for FY2019 in this area are:
Studio
$661
1BR
$813
2BR
$931
3BR
$1,166
4BR
$1,258
Hours/week at min wage
56 hrs
to afford the 2BR FMR @ $13.00/hr (AK)
YoY change (2BR)
+0.9%
+$8 vs FY2018
Voucher payment standard
$838–$1,024
PHAs set HCV payment at 90–110% of the 2BR FMR
Wade Hampton Census Area, AK
Non-Metropolitan area · AK · View full history · Income limits · LIHTC rents
FY2019 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $661 | $7,932 |
| 1-Bedroom | $813 | $9,756 |
| 2-Bedroom | $931 | $11,172 |
| 3-Bedroom | $1,166 | $13,992 |
| 4-Bedroom | $1,258 | $15,096 |
Recent 2-Bedroom FMR Trend
FY2017 $971 → FY2019 $931
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2019 | $661 | $813 | $931 | $1,166 | $1,258 |
| FY2018 | $659 | $804 | $923 | $1,157 | $1,257 |
| FY2017 | $697 | $760 | $971 | $1,215 | $1,338 |
View full FMR history back to FY2000 →
FY2017 Income Limits
Area Median Income (AMI): $43,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $16,450 | $20,290 | $25,520 | $30,750 | $35,980 | $41,210 |
| 50% AMI (Very Low) | $27,450 | $31,400 | $35,300 | $39,200 | $42,350 | $45,500 |
| 80% AMI (Low) | $43,900 | $50,200 | $56,450 | $62,700 | $67,750 | $72,750 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,172/yr
FMR as % of Area Median Income
25.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$37,240/yr
$3,103/mo gross income
FY2017 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 | $379 | $434 | $488 | $585 | $629 |
| 60% AMI Maximum | $455 | $520 | $585 | $703 | $755 |
FY2017 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 | $697 | $705 | $705 | $705 | $705 |
| Low HOME Rent | $686 | $785 | $882 | $980 | $1,058 |
Compare Wade Hampton 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