FY2026 Fair Market Rents — Covington County, AL
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$576
1BR
$591
2BR
$776
3BR
$999
4BR
$1,302
Hours/week at min wage
83 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+0.5%
+$4 vs FY2025 · 5-yr +22.4%
Voucher payment standard
$698–$854
PHAs set HCV payment at 90–110% of the 2BR FMR
Covington 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) | $576 | $6,912 |
| 1-Bedroom | $591 | $7,092 |
| 2-Bedroom | $776 | $9,312 |
| 3-Bedroom | $999 | $11,988 |
| 4-Bedroom | $1,302 | $15,624 |
Recent 2-Bedroom FMR Trend
FY2020 $612 → FY2026 $776
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $576 | $591 | $776 | $999 | $1,302 |
| FY2025 | $584 | $587 | $772 | $1,020 | $1,285 |
| FY2024 | $648 | $652 | $857 | $1,133 | $1,427 |
| FY2023 | $558 | $562 | $740 | $986 | $1,214 |
| FY2022 | $530 | $536 | $705 | $929 | $1,145 |
| FY2021 | $479 | $499 | $634 | $846 | $1,044 |
| FY2020 | $474 | $489 | $612 | $818 | $1,019 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $73,900
| 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
$9,312/yr
FMR as % of Area Median Income
12.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$31,040/yr
$2,587/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 | $646 | $739 | $831 | $997 | $1,071 |
| 60% AMI Maximum | $775 | $886 | $997 | $1,197 | $1,285 |
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 | $576 | $591 | $776 | $999 | $1,200 |
| Low HOME Rent | $650 | $742 | $835 | $927 | $1,002 |
Compare Covington 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