What is the Fair Market Rent for a 2-bedroom in Oliver County, ND HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Oliver County, ND HUD Metro FMR Area is $880 per month for fiscal year 2021. The studio FMR is $711, 1-bedroom is $716, 3-bedroom is $1,241, and 4-bedroom is $1,417.

What income do you need to afford the FMR in Oliver County, ND HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $35,200 per year ($2,933 per month) to afford the FY2021 2-bedroom Fair Market Rent of $880 in Oliver County, ND HUD Metro FMR Area.

FY2021 Fair Market Rents — Oliver County, ND HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$711

1BR

$716

2BR

$880

3BR

$1,241

4BR

$1,417

Hours/week at min wage

94 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#329

of 632 U.S. metros (top 53% most expensive)

YoY change (2BR)

-0.8%

$7 vs FY2020

Voucher payment standard

$792–$968

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

Oliver County, ND HUD Metro FMR Area

Metropolitan area · ND · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$711	$8,532
1-Bedroom	$716	$8,592
2-Bedroom	$880	$10,560
3-Bedroom	$1,241	$14,892
4-Bedroom	$1,417	$17,004

Recent 2-Bedroom FMR Trend

FY2017 $681 → FY2021 $880

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$711	$716	$880	$1,241	$1,417
FY2020	$689	$693	$887	$1,203	$1,442
FY2019	$654	$659	$860	$1,145	$1,434
FY2018	$654	$659	$867	$1,174	$1,479
FY2017	$520	$521	$681	$928	$1,184

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $85,400

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,050	$20,600	$23,200	$26,500	$31,040	$35,580
50% AMI (Very Low)	$30,050	$34,350	$38,650	$42,900	$46,350	$49,800
80% AMI (Low)	$48,100	$54,950	$61,800	$68,650	$74,150	$79,650

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$10,560/yr

FMR as % of Area Median Income

12.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$35,200/yr

$2,933/mo gross income

FY2021 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	$747	$854	$960	$1,152	$1,238
60% AMI Maximum	$896	$1,024	$1,152	$1,383	$1,485

FY2021 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	$711	$716	$880	$1,241	$1,387
Low HOME Rent	$751	$858	$966	$1,072	$1,158

Compare Oliver County, ND HUD Metro FMR Area With Other ND Metros

vs. Bismarck, ND HUD Metro FMR Area vs. McHenry County, ND HUD Metro FMR Area vs. Renville County, ND HUD Metro FMR Area vs. Sioux County, ND HUD Metro FMR Area vs. Ward County, ND HUD Metro FMR Area