FY2026 Fair Market Rents — Island County, WA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,172
1BR
$1,356
2BR
$1,671
3BR
$2,324
4BR
$2,733
Hours/week at min wage
78 hrs
to afford the 2BR FMR @ $16.66/hr (WA)
YoY change (2BR)
+4.4%
+$71 vs FY2025 · 5-yr +53.2%
Voucher payment standard
$1,504–$1,838
PHAs set HCV payment at 90–110% of the 2BR FMR
Island County, WA
Non-Metropolitan area · WA · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,172 | $14,064 |
| 1-Bedroom | $1,356 | $16,272 |
| 2-Bedroom | $1,671 | $20,052 |
| 3-Bedroom | $2,324 | $27,888 |
| 4-Bedroom | $2,733 | $32,796 |
Recent 2-Bedroom FMR Trend
FY2020 $1,139 → FY2026 $1,671
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,172 | $1,356 | $1,671 | $2,324 | $2,733 |
| FY2025 | $1,178 | $1,317 | $1,600 | $2,242 | $2,615 |
| FY2024 | $1,156 | $1,236 | $1,523 | $2,146 | $2,536 |
| FY2023 | $1,079 | $1,086 | $1,376 | $1,956 | $2,326 |
| FY2022 | $917 | $923 | $1,215 | $1,726 | $2,080 |
| FY2021 | $847 | $853 | $1,091 | $1,561 | $1,889 |
| FY2020 | $899 | $905 | $1,139 | $1,643 | $1,986 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $107,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $22,550 | $25,750 | $28,950 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $37,550 | $42,900 | $48,250 | $53,600 | $57,900 | $62,200 |
| 80% AMI (Low) | $60,050 | $68,600 | $77,200 | $85,750 | $92,650 | $99,500 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$20,052/yr
FMR as % of Area Median Income
18.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$66,840/yr
$5,570/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 | $938 | $1,072 | $1,206 | $1,447 | $1,554 |
| 60% AMI Maximum | $1,125 | $1,286 | $1,447 | $1,736 | $1,865 |
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 | $1,172 | $1,356 | $1,671 | $1,742 | $1,742 |
| Low HOME Rent | $938 | $1,072 | $1,206 | $1,340 | $1,447 |
Compare Island County, WA With Other WA Metros
vs. Bellingham, WA MSA
vs. Bremerton-Silverdale, WA MSA
vs. Columbia County, WA HUD Metro FMR Area
vs. Kennewick-Richland, WA MSA
vs. Longview, WA MSA