FY2026 Fair Market Rents — Fargo, ND-MN MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$768
1BR
$917
2BR
$1,112
3BR
$1,547
4BR
$1,865
Hours/week at min wage
77 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+9.9%
+$100 vs FY2025 · 5-yr +27.4%
Voucher payment standard
$1,001–$1,223
PHAs set HCV payment at 90–110% of the 2BR FMR
Fargo, ND-MN MSA
Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $768 | $9,216 |
| 1-Bedroom | $917 | $11,004 |
| 2-Bedroom | $1,112 | $13,344 |
| 3-Bedroom | $1,547 | $18,564 |
| 4-Bedroom | $1,865 | $22,380 |
Recent 2-Bedroom FMR Trend
FY2020 $834 → FY2026 $1,112
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $768 | $917 | $1,112 | $1,547 | $1,865 |
| FY2025 | $694 | $836 | $1,012 | $1,418 | $1,699 |
| FY2024 | $656 | $781 | $944 | $1,330 | $1,602 |
| FY2023 | $634 | $749 | $911 | $1,295 | $1,552 |
| FY2022 | $597 | $705 | $859 | $1,220 | $1,470 |
| FY2021 | $593 | $712 | $873 | $1,249 | $1,512 |
| FY2020 | $555 | $676 | $834 | $1,203 | $1,464 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $115,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $24,200 | $27,650 | $31,100 | $34,550 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $40,350 | $46,100 | $51,850 | $57,600 | $62,250 | $66,850 |
| 80% AMI (Low) | $64,550 | $73,750 | $82,950 | $92,150 | $99,550 | $106,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,344/yr
FMR as % of Area Median Income
11.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,480/yr
$3,707/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 | $1,008 | $1,152 | $1,296 | $1,555 | $1,670 |
| 60% AMI Maximum | $1,209 | $1,382 | $1,555 | $1,866 | $2,004 |
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 | $768 | $917 | $1,112 | $1,547 | $1,865 |
| Low HOME Rent | $1,008 | $1,152 | $1,296 | $1,440 | $1,556 |
Compare Fargo, ND-MN MSA With Other MN Metros
vs. Duluth, MN-WI MSA
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vs. La Crosse-Onalaska, WI-MN MSA