FY2026 Fair Market Rents — Itasca County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$754
1BR
$860
2BR
$1,074
3BR
$1,401
4BR
$1,516
Hours/week at min wage
75 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+6.7%
+$67 vs FY2025 · 5-yr +34.9%
Voucher payment standard
$967–$1,181
PHAs set HCV payment at 90–110% of the 2BR FMR
Itasca County, MN
Non-Metropolitan area · MN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $754 | $9,048 |
| 1-Bedroom | $860 | $10,320 |
| 2-Bedroom | $1,074 | $12,888 |
| 3-Bedroom | $1,401 | $16,812 |
| 4-Bedroom | $1,516 | $18,192 |
Recent 2-Bedroom FMR Trend
FY2020 $797 → FY2026 $1,074
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $754 | $860 | $1,074 | $1,401 | $1,516 |
| FY2025 | $747 | $794 | $1,007 | $1,268 | $1,392 |
| FY2024 | $811 | $817 | $1,059 | $1,280 | $1,431 |
| FY2023 | $723 | $728 | $958 | $1,166 | $1,287 |
| FY2022 | $668 | $673 | $885 | $1,094 | $1,200 |
| FY2021 | $600 | $604 | $796 | $990 | $1,079 |
| FY2020 | $601 | $605 | $797 | $993 | $1,080 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $92,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,600 | $23,550 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $34,300 | $39,200 | $44,100 | $49,000 | $52,950 | $56,850 |
| 80% AMI (Low) | $54,900 | $62,750 | $70,600 | $78,400 | $84,700 | $90,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,888/yr
FMR as % of Area Median Income
13.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$42,960/yr
$3,580/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 | $812 | $929 | $1,045 | $1,254 | $1,347 |
| 60% AMI Maximum | $975 | $1,114 | $1,254 | $1,504 | $1,616 |
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 | $754 | $860 | $1,074 | $1,401 | $1,509 |
| Low HOME Rent | $857 | $980 | $1,102 | $1,225 | $1,323 |
Compare Itasca County, MN With Other MN Metros
vs. Duluth, MN-WI MSA
vs. Fargo, ND-MN MSA
vs. Fillmore County, MN HUD Metro FMR Area
vs. Grand Forks, ND-MN MSA
vs. La Crosse-Onalaska, WI-MN MSA