FY2026 Fair Market Rents — Kodiak Island Borough
Studio
$1,431
1BR
$1,581
2BR
$2,075
3BR
$2,488
4BR
$2,747
Kodiak Island Borough, Alaska
FIPS 02150 · County-level FMR and income limit data
FMR Area: Kodiak Island Borough, AK
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,431 | $17,172 |
| 1-Bedroom | $1,581 | $18,972 |
| 2-Bedroom | $2,075 | $24,900 |
| 3-Bedroom | $2,488 | $29,856 |
| 4-Bedroom | $2,747 | $32,964 |
To afford the FY2026 2-bedroom FMR of $2,075/mo under the 30%-of-income rule, a household needs about
$83,000/yr ($6,917/mo). Area Median Income is $113,100.
At AK's state minimum wage of $13.00/hr, a worker would need to work 123 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,431 | $1,581 | $2,075 | $2,488 | $2,747 |
| FY2025 | $1,280 | $1,422 | $1,866 | $2,295 | $2,474 |
| FY2024 | $1,228 | $1,379 | $1,812 | $2,220 | $2,622 |
| FY2023 | $1,094 | $1,243 | $1,636 | $2,023 | $2,431 |
| FY2022 | $1,042 | $1,192 | $1,568 | $1,938 | $2,402 |
| FY2021 | $969 | $1,115 | $1,469 | $1,860 | $2,176 |
| FY2020 | $1,019 | $1,087 | $1,432 | $2,066 | $2,074 |
FY2026 Income Limits
Area Median Income: $113,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $25,400 | $29,000 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI | $42,350 | $48,400 | $54,450 | $60,450 | $65,300 | $70,150 |
| 80% AMI | $67,700 | $77,400 | $87,050 | $96,700 | $104,450 | $112,200 |