Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,566$18,792 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sitka City and Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sitka City and Borough, AK
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,099 | $13,188 | $43,960 | $21.13/hr |
| 1-Bedroom Apartment | $1,350 | $16,200 | $54,000 | $25.96/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,566 | $18,792 | $62,640 | $30.12/hr |
| 3-Bedroom Home | $2,178 | $26,136 | $87,120 | $41.88/hr |
| 4-Bedroom Home | $2,627 | $31,524 | $105,080 | $50.52/hr |
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Frequently Asked Questions About Rent in Sitka City and Borough, AK
What is the Fair Market Rent for a 2-bedroom in Sitka City and Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sitka City and Borough, AK is $1,566 per month ($18,792 per year).
What hourly wage is needed to afford rent in Sitka City and Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,566/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $30.12 per hour ($62,640/year).
What are the HUD Fair Market Rents by bedroom count in Sitka City and Borough, AK?
Official 2026 HUD rents in Sitka City and Borough, AK are: Studio: $1,099/mo, 1-Bedroom: $1,350/mo, 2-Bedroom: $1,566/mo, 3-Bedroom: $2,178/mo, and 4-Bedroom: $2,627/mo.
How do HUD Fair Market Rents compare to local incomes in Sitka City and Borough, AK?
At the local Census ACS median household income of $101,727/year ($8,477/month), the benchmark 2-bedroom Fair Market Rent represents 18.5% of monthly income.
How is the 30% housing affordability standard calculated in Sitka City and Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,566/month, the required minimum annual gross income is calculated as ($1,566 × 12) ÷ 0.30 = $62,640 per year.