FY2026 Fair Market Rents — Sitka City and Borough
Studio
$1,099
1BR
$1,350
2BR
$1,566
3BR
$2,178
4BR
$2,627
Sitka City and Borough, Alaska
FIPS 02220 · County-level FMR and income limit data
FMR Area: Sitka City and Borough, AK
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,099 | $13,188 |
| 1-Bedroom | $1,350 | $16,200 |
| 2-Bedroom | $1,566 | $18,792 |
| 3-Bedroom | $2,178 | $26,136 |
| 4-Bedroom | $2,627 | $31,524 |
To afford the FY2026 2-bedroom FMR of $1,566/mo under the 30%-of-income rule, a household needs about
$62,640/yr ($5,220/mo). Area Median Income is $123,800.
At AK's state minimum wage of $13.00/hr, a worker would need to work 93 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,099 | $1,350 | $1,566 | $2,178 | $2,627 |
| FY2025 | $1,048 | $1,248 | $1,498 | $2,099 | $2,516 |
| FY2024 | $1,044 | $1,221 | $1,466 | $2,066 | $2,488 |
| FY2023 | $956 | $1,110 | $1,316 | $1,870 | $2,228 |
| FY2022 | $907 | $1,040 | $1,229 | $1,715 | $2,009 |
| FY2021 | $862 | $1,008 | $1,179 | $1,667 | $2,010 |
| FY2020 | $950 | $1,085 | $1,293 | $1,846 | $2,233 |
FY2026 Income Limits
Area Median Income: $123,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $26,050 | $29,750 | $34,150 | $41,250 | $48,350 | $55,450 |
| 50% AMI | $43,350 | $49,550 | $55,750 | $61,900 | $66,900 | $71,850 |
| 80% AMI | $69,350 | $79,250 | $89,150 | $99,050 | $107,000 | $114,900 |