FY2026 Fair Market Rents — Keweenaw County
Studio
$689
1BR
$849
2BR
$973
3BR
$1,242
4BR
$1,380
Keweenaw County, Michigan
FIPS 26083 · County-level FMR and income limit data
FMR Area: Keweenaw County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $689 | $8,268 |
| 1-Bedroom | $849 | $10,188 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,242 | $14,904 |
| 4-Bedroom | $1,380 | $16,560 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $80,900.
At MI's state minimum wage of $12.48/hr, a worker would need to work 60 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $689 | $849 | $973 | $1,242 | $1,380 |
| FY2025 | $654 | $805 | $933 | $1,307 | $1,328 |
| FY2024 | $633 | $802 | $905 | $1,275 | $1,283 |
| FY2023 | $571 | $653 | $826 | $1,169 | $1,174 |
| FY2022 | $524 | $578 | $757 | $1,068 | $1,072 |
| FY2021 | $503 | $566 | $734 | $1,036 | $1,040 |
| FY2020 | $495 | $548 | $713 | $1,001 | $1,004 |
FY2026 Income Limits
Area Median Income: $80,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,000 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,000 | $34,250 | $38,550 | $42,800 | $46,300 | $49,700 |
| 80% AMI | $48,000 | $54,850 | $61,700 | $68,500 | $74,050 | $79,500 |