FY2026 Fair Market Rents — Cape Coral-Fort Myers, FL MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,629
1BR
$1,638
2BR
$1,961
3BR
$2,560
4BR
$2,836
Hours/week at min wage
108 hrs
to afford the 2BR FMR @ $14.00/hr (FL)
National rank
#65
of 661 U.S. metros (top 11% most expensive)
YoY change (2BR)
+6.4%
+$118 vs FY2025 · 5-yr +63.8%
Voucher payment standard
$1,765–$2,157
PHAs set HCV payment at 90–110% of the 2BR FMR
Cape Coral-Fort Myers, FL MSA
Metropolitan area · FL · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,629 | $19,548 |
| 1-Bedroom | $1,638 | $19,656 |
| 2-Bedroom | $1,961 | $23,532 |
| 3-Bedroom | $2,560 | $30,720 |
| 4-Bedroom | $2,836 | $34,032 |
Recent 2-Bedroom FMR Trend
FY2020 $1,182 → FY2026 $1,961
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,629 | $1,638 | $1,961 | $2,560 | $2,836 |
| FY2025 | $1,478 | $1,488 | $1,843 | $2,422 | $2,691 |
| FY2024 | $1,329 | $1,331 | $1,677 | $2,198 | $2,499 |
| FY2023 | $1,134 | $1,141 | $1,451 | $1,896 | $2,157 |
| FY2022 | $976 | $979 | $1,231 | $1,603 | $1,820 |
| FY2021 | $931 | $951 | $1,197 | $1,559 | $1,762 |
| FY2020 | $875 | $946 | $1,182 | $1,540 | $1,752 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $105,700
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $23,600 | $27,000 | $30,350 | $33,700 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $39,300 | $44,950 | $50,500 | $56,200 | $60,700 | $65,200 |
| 80% AMI (Low) | $62,950 | $71,900 | $80,950 | $89,900 | $97,100 | $104,300 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$23,532/yr
FMR as % of Area Median Income
22.3% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$78,440/yr
$6,537/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 | $924 | $1,057 | $1,189 | $1,426 | $1,532 |
| 60% AMI Maximum | $1,109 | $1,268 | $1,426 | $1,712 | $1,839 |
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 | $1,629 | $1,638 | $1,717 | $1,717 | $1,717 |
| Low HOME Rent | $982 | $1,123 | $1,262 | $1,405 | $1,517 |
Compare Cape Coral-Fort Myers, FL MSA With Other FL Metros
vs. Baker County, FL HUD Metro FMR Area
vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area
vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area
vs. Fort Lauderdale, FL HUD Metro FMR Area
vs. Gainesville, FL MSA