FY2026 Fair Market Rents — Island County
Studio
$1,172
1BR
$1,356
2BR
$1,671
3BR
$2,324
4BR
$2,733
Island County, Washington
FIPS 53029 · County-level FMR and income limit data
FMR Area: Island County, WA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,172 | $14,064 |
| 1-Bedroom | $1,356 | $16,272 |
| 2-Bedroom | $1,671 | $20,052 |
| 3-Bedroom | $2,324 | $27,888 |
| 4-Bedroom | $2,733 | $32,796 |
To afford the FY2026 2-bedroom FMR of $1,671/mo under the 30%-of-income rule, a household needs about
$66,840/yr ($5,570/mo). Area Median Income is $107,200.
At WA's state minimum wage of $16.66/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,172 | $1,356 | $1,671 | $2,324 | $2,733 |
| FY2025 | $1,178 | $1,317 | $1,600 | $2,242 | $2,615 |
| FY2024 | $1,156 | $1,236 | $1,523 | $2,146 | $2,536 |
| FY2023 | $1,079 | $1,086 | $1,376 | $1,956 | $2,326 |
| FY2022 | $917 | $923 | $1,215 | $1,726 | $2,080 |
| FY2021 | $847 | $853 | $1,091 | $1,561 | $1,889 |
| FY2020 | $899 | $905 | $1,139 | $1,643 | $1,986 |
FY2026 Income Limits
Area Median Income: $107,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,550 | $25,750 | $28,950 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $37,550 | $42,900 | $48,250 | $53,600 | $57,900 | $62,200 |
| 80% AMI | $60,050 | $68,600 | $77,200 | $85,750 | $92,650 | $99,500 |