FY2026 Fair Market Rents — Ballard County, KY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$800
1BR
$817
2BR
$1,072
3BR
$1,285
4BR
$1,640
Hours/week at min wage
114 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+15.1%
+$141 vs FY2025 · 5-yr +54.2%
Voucher payment standard
$965–$1,179
PHAs set HCV payment at 90–110% of the 2BR FMR
Ballard County, KY
Non-Metropolitan area · KY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $800 | $9,600 |
| 1-Bedroom | $817 | $9,804 |
| 2-Bedroom | $1,072 | $12,864 |
| 3-Bedroom | $1,285 | $15,420 |
| 4-Bedroom | $1,640 | $19,680 |
Recent 2-Bedroom FMR Trend
FY2020 $681 → FY2026 $1,072
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $800 | $817 | $1,072 | $1,285 | $1,640 |
| FY2025 | $670 | $710 | $931 | $1,122 | $1,283 |
| FY2024 | $636 | $668 | $878 | $1,072 | $1,378 |
| FY2023 | $553 | $580 | $763 | $951 | $1,170 |
| FY2022 | $494 | $525 | $691 | $864 | $1,044 |
| FY2021 | $498 | $527 | $695 | $864 | $999 |
| FY2020 | $484 | $517 | $681 | $849 | $923 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $94,500
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,600 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $30,950 | $35,400 | $39,800 | $44,250 | $47,750 | $51,300 |
| 80% AMI (Low) | $49,550 | $56,600 | $63,700 | $70,750 | $76,450 | $82,100 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$12,864/yr
FMR as % of Area Median Income
13.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$42,880/yr
$3,573/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 | $826 | $945 | $1,063 | $1,275 | $1,370 |
| 60% AMI Maximum | $992 | $1,134 | $1,275 | $1,530 | $1,644 |
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 | $800 | $817 | $1,072 | $1,285 | $1,535 |
| Low HOME Rent | $773 | $885 | $995 | $1,106 | $1,193 |
Compare Ballard County, KY With Other KY Metros
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