FY2026 Fair Market Rents — Wadena County, MN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$701
1BR
$783
2BR
$1,016
3BR
$1,218
4BR
$1,345
Hours/week at min wage
71 hrs
to afford the 2BR FMR @ $11.13/hr (MN)
YoY change (2BR)
+8.4%
+$79 vs FY2025 · 5-yr +38.4%
Voucher payment standard
$914–$1,118
PHAs set HCV payment at 90–110% of the 2BR FMR
Wadena 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) | $701 | $8,412 |
| 1-Bedroom | $783 | $9,396 |
| 2-Bedroom | $1,016 | $12,192 |
| 3-Bedroom | $1,218 | $14,616 |
| 4-Bedroom | $1,345 | $16,140 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $1,016
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $701 | $783 | $1,016 | $1,218 | $1,345 |
| FY2025 | $643 | $738 | $937 | $1,129 | $1,242 |
| FY2024 | $660 | $756 | $974 | $1,178 | $1,297 |
| FY2023 | $560 | $717 | $837 | $1,019 | $1,124 |
| FY2022 | $503 | $639 | $757 | $936 | $1,072 |
| FY2021 | $484 | $620 | $734 | $913 | $1,178 |
| FY2020 | $471 | $560 | $714 | $910 | $1,254 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $88,700
| 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
$12,192/yr
FMR as % of Area Median Income
13.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$40,640/yr
$3,387/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 | $776 | $887 | $997 | $1,197 | $1,286 |
| 60% AMI Maximum | $931 | $1,064 | $1,197 | $1,436 | $1,543 |
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 | $701 | $783 | $1,016 | $1,218 | $1,345 |
| Low HOME Rent | $857 | $980 | $1,102 | $1,225 | $1,323 |
Compare Wadena 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