FY2026 Fair Market Rents — Fairbanks North Star Borough
Studio
$1,156
1BR
$1,277
2BR
$1,676
3BR
$2,331
4BR
$2,812
Fairbanks North Star Borough, Alaska
FIPS 02090 · County-level FMR and income limit data
FMR Area: Fairbanks, AK MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,156 | $13,872 |
| 1-Bedroom | $1,277 | $15,324 |
| 2-Bedroom | $1,676 | $20,112 |
| 3-Bedroom | $2,331 | $27,972 |
| 4-Bedroom | $2,812 | $33,744 |
To afford the FY2026 2-bedroom FMR of $1,676/mo under the 30%-of-income rule, a household needs about
$67,040/yr ($5,587/mo). Area Median Income is $116,300.
At AK's state minimum wage of $13.00/hr, a worker would need to work 100 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,156 | $1,277 | $1,676 | $2,331 | $2,812 |
| FY2025 | $1,144 | $1,272 | $1,669 | $2,339 | $2,803 |
| FY2024 | $1,116 | $1,253 | $1,646 | $2,320 | $2,793 |
| FY2023 | $993 | $1,128 | $1,485 | $2,110 | $2,529 |
| FY2022 | $877 | $1,003 | $1,320 | $1,875 | $2,259 |
| FY2021 | $858 | $987 | $1,301 | $1,862 | $2,253 |
| FY2020 | $863 | $1,006 | $1,325 | $1,911 | $2,326 |
FY2026 Income Limits
Area Median Income: $116,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $24,450 | $27,950 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI | $40,750 | $46,550 | $52,350 | $58,150 | $62,850 | $67,500 |
| 80% AMI | $65,150 | $74,450 | $83,750 | $93,050 | $100,500 | $107,950 |