FY2026 Fair Market Rents — Franklin County, AL
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$576
1BR
$704
2BR
$776
3BR
$976
4BR
$1,071
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
Franklin 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 | $704 | $8,448 |
| 2-Bedroom | $776 | $9,312 |
| 3-Bedroom | $976 | $11,712 |
| 4-Bedroom | $1,071 | $12,852 |
Recent 2-Bedroom FMR Trend
FY2020 $612 → FY2026 $776
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $576 | $704 | $776 | $976 | $1,071 |
| FY2025 | $578 | $688 | $772 | $971 | $1,189 |
| FY2024 | $642 | $763 | $857 | $1,042 | $1,321 |
| FY2023 | $560 | $655 | $740 | $901 | $1,251 |
| FY2022 | $530 | $588 | $705 | $871 | $1,171 |
| FY2021 | $479 | $539 | $634 | $796 | $1,043 |
| FY2020 | $474 | $524 | $612 | $775 | $829 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $70,900
| 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
13.1% 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 | $620 | $709 | $797 | $957 | $1,028 |
| 60% AMI Maximum | $744 | $850 | $957 | $1,148 | $1,233 |
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 | $704 | $776 | $976 | $1,071 |
| Low HOME Rent | $650 | $742 | $835 | $927 | $1,002 |
Compare Franklin 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