Fargo, ND-MN MSA · FY2026 area median income $115,200 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $403 | $605 | $807 | $1,008 | $1,210 | $1,412 | $1,614 |
| 1BR | $432 | $648 | $864 | $1,080 | $1,296 | $1,512 | $1,729 |
| 2BR | $518 | $777 | $1,037 | $1,296 | $1,555 | $1,814 | $2,074 |
| 3BR | $599 | $898 | $1,198 | $1,498 | $1,797 | $2,097 | $2,397 |
| 4BR | $668 | $1,002 | $1,337 | $1,671 | $2,005 | $2,339 | $2,674 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $24,210 | $40,350 | $48,420 | $64,560 |
| 2 persons | $27,660 | $46,100 | $55,320 | $73,760 |
| 3 persons | $31,110 | $51,850 | $62,220 | $82,960 |
| 4 persons | $34,560 | $57,600 | $69,120 | $92,160 |
| 5 persons | $37,350 | $62,250 | $74,700 | $99,600 |
| 6 persons | $40,110 | $66,850 | $80,220 | $106,960 |
| 7 persons | $42,870 | $71,450 | $85,740 | $114,320 |
| 8 persons | $45,630 | $76,050 | $91,260 | $121,680 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Cass County to see the sources and uses, bond test, DSCR, and funding gap using these rents.