FY2026 Fair Market Rents — Mercer County
Studio
$875
1BR
$881
2BR
$1,156
3BR
$1,386
4BR
$1,531
Mercer County, North Dakota
FIPS 38057 · County-level FMR and income limit data
FMR Area: Mercer County, ND
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $875 | $10,500 |
| 1-Bedroom | $881 | $10,572 |
| 2-Bedroom | $1,156 | $13,872 |
| 3-Bedroom | $1,386 | $16,632 |
| 4-Bedroom | $1,531 | $18,372 |
To afford the FY2026 2-bedroom FMR of $1,156/mo under the 30%-of-income rule, a household needs about
$46,240/yr ($3,853/mo). Area Median Income is $108,200.
At ND's federal minimum wage of $7.25/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 | $875 | $881 | $1,156 | $1,386 | $1,531 |
| FY2025 | $812 | $869 | $1,140 | $1,373 | $1,511 |
| FY2024 | $737 | $852 | $1,087 | $1,314 | $1,501 |
| FY2023 | $694 | $798 | $1,005 | $1,223 | $1,667 |
| FY2022 | $670 | $686 | $866 | $1,123 | $1,366 |
| FY2021 | $639 | $643 | $810 | $1,159 | $1,234 |
| FY2020 | $602 | $605 | $764 | $1,102 | $1,259 |
FY2026 Income Limits
Area Median Income: $108,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,750 | $26,000 | $29,250 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,900 | $43,300 | $48,700 | $54,100 | $58,450 | $62,800 |
| 80% AMI | $60,600 | $69,250 | $77,900 | $86,550 | $93,500 | $100,400 |