FY2026 Fair Market Rents — Phillips County, CO
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$798
1BR
$803
2BR
$1,054
3BR
$1,345
4BR
$1,652
Hours/week at min wage
55 hrs
to afford the 2BR FMR @ $14.81/hr (CO)
YoY change (2BR)
+2.3%
+$24 vs FY2025 · 5-yr +30.3%
Voucher payment standard
$949–$1,159
PHAs set HCV payment at 90–110% of the 2BR FMR
Phillips County, CO
Non-Metropolitan area · CO · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $798 | $9,576 |
| 1-Bedroom | $803 | $9,636 |
| 2-Bedroom | $1,054 | $12,648 |
| 3-Bedroom | $1,345 | $16,140 |
| 4-Bedroom | $1,652 | $19,824 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $1,054
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $798 | $803 | $1,054 | $1,345 | $1,652 |
| FY2025 | $779 | $784 | $1,030 | $1,307 | $1,658 |
| FY2024 | $865 | $871 | $1,144 | $1,383 | $1,842 |
| FY2023 | $780 | $785 | $1,002 | $1,219 | $1,346 |
| FY2022 | $774 | $779 | $973 | $1,230 | $1,319 |
| FY2021 | $610 | $614 | $809 | $1,072 | $1,168 |
| FY2020 | $539 | $542 | $714 | $963 | $1,076 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $103,100
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,700 | $24,800 | $27,900 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $36,100 | $41,250 | $46,400 | $51,550 | $55,700 | $59,800 |
| 80% AMI (Low) | $57,750 | $66,000 | $74,250 | $82,500 | $89,100 | $95,700 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,648/yr
FMR as % of Area Median Income
12.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$42,160/yr
$3,513/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 | $902 | $1,031 | $1,159 | $1,391 | $1,494 |
| 60% AMI Maximum | $1,082 | $1,237 | $1,391 | $1,670 | $1,793 |
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 | $798 | $803 | $1,054 | $1,345 | $1,652 |
| Low HOME Rent | $902 | $1,031 | $1,160 | $1,288 | $1,392 |
Compare Phillips County, CO With Other CO Metros
vs. Boulder, CO MSA
vs. Colorado Springs, CO HUD Metro FMR Area
vs. Denver-Aurora-Lakewood, CO MSA
vs. Fort Collins, CO MSA
vs. Grand Junction, CO MSA