FY2026 Fair Market Rents — Binghamton, NY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$783
1BR
$868
2BR
$1,103
3BR
$1,412
4BR
$1,622
Hours/week at min wage
52 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
National rank
#455
of 661 U.S. metros (top 70% most expensive)
YoY change (2BR)
-7.2%
$85 vs FY2025 · 5-yr +30.4%
Voucher payment standard
$993–$1,213
PHAs set HCV payment at 90–110% of the 2BR FMR
Binghamton, NY MSA
Metropolitan area · NY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $783 | $9,396 |
| 1-Bedroom | $868 | $10,416 |
| 2-Bedroom | $1,103 | $13,236 |
| 3-Bedroom | $1,412 | $16,944 |
| 4-Bedroom | $1,622 | $19,464 |
Recent 2-Bedroom FMR Trend
FY2020 $820 → FY2026 $1,103
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $783 | $868 | $1,103 | $1,412 | $1,622 |
| FY2025 | $869 | $939 | $1,188 | $1,533 | $1,752 |
| FY2024 | $855 | $904 | $1,141 | $1,494 | $1,644 |
| FY2023 | $725 | $758 | $964 | $1,261 | $1,366 |
| FY2022 | $634 | $668 | $855 | $1,136 | $1,255 |
| FY2021 | $632 | $654 | $846 | $1,117 | $1,284 |
| FY2020 | $606 | $634 | $820 | $1,070 | $1,224 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $88,600
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI (Low) | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,236/yr
FMR as % of Area Median Income
14.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,120/yr
$3,677/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 | $775 | $886 | $996 | $1,196 | $1,284 |
| 60% AMI Maximum | $930 | $1,063 | $1,196 | $1,435 | $1,541 |
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 | $783 | $868 | $1,103 | $1,412 | $1,439 |
| Low HOME Rent | $787 | $900 | $1,012 | $1,123 | $1,213 |
Compare Binghamton, NY MSA With Other NY Metros
vs. Albany-Schenectady-Troy, NY MSA
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vs. Glens Falls, NY MSA
vs. Ithaca, NY MSA