Steele County, ND · FY2026 area median income $115,300 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $404 | $606 | $808 | $1,010 | $1,212 | $1,414 | $1,616 |
| 1BR | $432 | $649 | $865 | $1,081 | $1,298 | $1,514 | $1,731 |
| 2BR | $519 | $778 | $1,038 | $1,297 | $1,557 | $1,816 | $2,076 |
| 3BR | $599 | $899 | $1,199 | $1,499 | $1,799 | $2,099 | $2,399 |
| 4BR | $669 | $1,003 | $1,338 | $1,672 | $2,007 | $2,341 | $2,676 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $24,240 | $40,400 | $48,480 | $64,640 |
| 2 persons | $27,690 | $46,150 | $55,380 | $73,840 |
| 3 persons | $31,140 | $51,900 | $62,280 | $83,040 |
| 4 persons | $34,590 | $57,650 | $69,180 | $92,240 |
| 5 persons | $37,380 | $62,300 | $74,760 | $99,680 |
| 6 persons | $40,140 | $66,900 | $80,280 | $107,040 |
| 7 persons | $42,900 | $71,500 | $85,800 | $114,400 |
| 8 persons | $45,660 | $76,100 | $91,320 | $121,760 |
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 Steele County to see the sources and uses, bond test, DSCR, and funding gap using these rents.