FY2026 Fair Market Rents — Prescott, AZ MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,129
1BR
$1,309
2BR
$1,637
3BR
$2,277
4BR
$2,497
Hours/week at min wage
86 hrs
to afford the 2BR FMR @ $14.70/hr (AZ)
YoY change (2BR)
+1.9%
+$31 vs FY2025 · 5-yr +55.8%
Voucher payment standard
$1,473–$1,801
PHAs set HCV payment at 90–110% of the 2BR FMR
Prescott, AZ MSA
Non-Metropolitan area · AZ · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,129 | $13,548 |
| 1-Bedroom | $1,309 | $15,708 |
| 2-Bedroom | $1,637 | $19,644 |
| 3-Bedroom | $2,277 | $27,324 |
| 4-Bedroom | $2,497 | $29,964 |
Recent 2-Bedroom FMR Trend
FY2020 $1,026 → FY2026 $1,637
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,129 | $1,309 | $1,637 | $2,277 | $2,497 |
| FY2025 | $1,101 | $1,293 | $1,606 | $2,216 | $2,548 |
| FY2024 | $951 | $1,140 | $1,403 | $1,943 | $2,273 |
| FY2023 | $857 | $1,042 | $1,281 | $1,769 | $2,045 |
| FY2022 | $733 | $894 | $1,103 | $1,537 | $1,724 |
| FY2021 | $698 | $822 | $1,051 | $1,458 | $1,583 |
| FY2020 | $714 | $781 | $1,026 | $1,438 | $1,501 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $92,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $20,050 | $22,900 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $33,400 | $38,200 | $42,950 | $47,700 | $51,550 | $55,350 |
| 80% AMI (Low) | $53,450 | $61,050 | $68,700 | $76,300 | $82,450 | $88,550 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$19,644/yr
FMR as % of Area Median Income
21.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$65,480/yr
$5,457/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 | $806 | $922 | $1,037 | $1,244 | $1,336 |
| 60% AMI Maximum | $968 | $1,106 | $1,244 | $1,493 | $1,604 |
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 | $1,129 | $1,309 | $1,498 | $1,498 | $1,498 |
| Low HOME Rent | $835 | $955 | $1,073 | $1,192 | $1,288 |
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