FY2026 Fair Market Rents — Cherokee County, AL
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$627
1BR
$682
2BR
$844
3BR
$1,012
4BR
$1,259
Hours/week at min wage
90 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+4.8%
+$39 vs FY2025 · 5-yr +33.1%
Voucher payment standard
$760–$928
PHAs set HCV payment at 90–110% of the 2BR FMR
Cherokee County, AL
Non-Metropolitan area · AL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $627 | $7,524 |
| 1-Bedroom | $682 | $8,184 |
| 2-Bedroom | $844 | $10,128 |
| 3-Bedroom | $1,012 | $12,144 |
| 4-Bedroom | $1,259 | $15,108 |
Recent 2-Bedroom FMR Trend
FY2020 $612 → FY2026 $844
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $627 | $682 | $844 | $1,012 | $1,259 |
| FY2025 | $598 | $663 | $805 | $970 | $1,211 |
| FY2024 | $664 | $726 | $887 | $1,072 | $1,327 |
| FY2023 | $574 | $584 | $759 | $959 | $1,097 |
| FY2022 | $530 | $536 | $705 | $982 | $1,006 |
| FY2021 | $479 | $481 | $634 | $877 | $880 |
| FY2020 | $462 | $465 | $612 | $826 | $829 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $73,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,050 |
| 50% AMI (Very Low) | $26,000 | $29,700 | $33,400 | $37,100 | $40,100 | $43,050 |
| 80% AMI (Low) | $41,550 | $47,500 | $53,450 | $59,350 | $64,100 | $68,850 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,128/yr
FMR as % of Area Median Income
13.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$33,760/yr
$2,813/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $644 | $736 | $828 | $993 | $1,067 |
| 60% AMI Maximum | $772 | $883 | $993 | $1,192 | $1,280 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $627 | $682 | $844 | $1,012 | $1,196 |
| Low HOME Rent | $650 | $742 | $835 | $927 | $1,002 |
Compare Cherokee County, AL With Other AL Metros
vs. Anniston-Oxford-Jacksonville, AL MSA
vs. Auburn-Opelika, AL MSA
vs. Birmingham-Hoover, AL HUD Metro FMR Area
vs. Chilton County, AL HUD Metro FMR Area
vs. Columbus, GA-AL MSA