FY2026 Fair Market Rents — Nobles County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$723
1BR
$799
2BR
$1,049
3BR
$1,294
4BR
$1,389
Hours/week at min wage
73 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+1.8%
+$19 vs FY2025 · 5-yr +42.9%
Voucher payment standard
$944–$1,154
PHAs set HCV payment at 90–110% of the 2BR FMR
Nobles 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) | $723 | $8,676 |
| 1-Bedroom | $799 | $9,588 |
| 2-Bedroom | $1,049 | $12,588 |
| 3-Bedroom | $1,294 | $15,528 |
| 4-Bedroom | $1,389 | $16,668 |
Recent 2-Bedroom FMR Trend
FY2020 $758 → FY2026 $1,049
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $723 | $799 | $1,049 | $1,294 | $1,389 |
| FY2025 | $706 | $785 | $1,030 | $1,241 | $1,366 |
| FY2024 | $722 | $811 | $1,065 | $1,300 | $1,418 |
| FY2023 | $618 | $702 | $924 | $1,183 | $1,241 |
| FY2022 | $618 | $622 | $818 | $1,073 | $1,109 |
| FY2021 | $553 | $557 | $734 | $990 | $995 |
| FY2020 | $572 | $576 | $758 | $1,009 | $1,027 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $83,300
| 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
$12,588/yr
FMR as % of Area Median Income
15.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$41,960/yr
$3,497/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 | $728 | $833 | $937 | $1,124 | $1,207 |
| 60% AMI Maximum | $874 | $999 | $1,124 | $1,349 | $1,449 |
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 | $723 | $799 | $1,049 | $1,294 | $1,353 |
| Low HOME Rent | $857 | $980 | $1,102 | $1,225 | $1,323 |
Compare Nobles 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