FY2026 Fair Market Rents — Stevens County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$683
1BR
$755
2BR
$991
3BR
$1,378
4BR
$1,662
Hours/week at min wage
69 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+6.2%
+$58 vs FY2025 · 5-yr +35%
Voucher payment standard
$892–$1,090
PHAs set HCV payment at 90–110% of the 2BR FMR
Stevens 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) | $683 | $8,196 |
| 1-Bedroom | $755 | $9,060 |
| 2-Bedroom | $991 | $11,892 |
| 3-Bedroom | $1,378 | $16,536 |
| 4-Bedroom | $1,662 | $19,944 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $991
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $683 | $755 | $991 | $1,378 | $1,662 |
| FY2025 | $640 | $711 | $933 | $1,307 | $1,567 |
| FY2024 | $657 | $738 | $970 | $1,367 | $1,603 |
| FY2023 | $563 | $702 | $842 | $1,197 | $1,344 |
| FY2022 | $503 | $664 | $757 | $1,075 | $1,218 |
| FY2021 | $484 | $644 | $734 | $1,050 | $1,236 |
| FY2020 | $471 | $627 | $714 | $957 | $1,200 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $100,400
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,100 | $24,100 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $35,150 | $40,200 | $45,200 | $50,200 | $54,250 | $58,250 |
| 80% AMI (Low) | $56,250 | $64,250 | $72,300 | $80,300 | $86,750 | $93,150 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,892/yr
FMR as % of Area Median Income
11.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$39,640/yr
$3,303/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 | $878 | $1,004 | $1,129 | $1,355 | $1,455 |
| 60% AMI Maximum | $1,054 | $1,204 | $1,355 | $1,626 | $1,746 |
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 | $683 | $755 | $991 | $1,378 | $1,631 |
| Low HOME Rent | $878 | $1,005 | $1,130 | $1,255 | $1,356 |
Compare Stevens 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