FY2026 Fair Market Rents — Madison County, KY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$666
1BR
$785
2BR
$904
3BR
$1,257
4BR
$1,416
Hours/week at min wage
96 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
-4.2%
$40 vs FY2025 · 5-yr +23.8%
Voucher payment standard
$814–$994
PHAs set HCV payment at 90–110% of the 2BR FMR
Madison 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) | $666 | $7,992 |
| 1-Bedroom | $785 | $9,420 |
| 2-Bedroom | $904 | $10,848 |
| 3-Bedroom | $1,257 | $15,084 |
| 4-Bedroom | $1,416 | $16,992 |
Recent 2-Bedroom FMR Trend
FY2020 $705 → FY2026 $904
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $666 | $785 | $904 | $1,257 | $1,416 |
| FY2025 | $740 | $825 | $944 | $1,323 | $1,407 |
| FY2024 | $750 | $794 | $914 | $1,288 | $1,301 |
| FY2023 | $641 | $650 | $783 | $1,055 | $1,059 |
| FY2022 | $558 | $575 | $732 | $989 | $993 |
| FY2021 | $531 | $554 | $730 | $1,002 | $1,005 |
| FY2020 | $482 | $535 | $705 | $1,001 | $1,004 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $85,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,050 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $30,050 | $34,350 | $38,650 | $42,900 | $46,350 | $49,800 |
| 80% AMI (Low) | $48,100 | $54,950 | $61,800 | $68,650 | $74,150 | $79,650 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,848/yr
FMR as % of Area Median Income
12.6% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$36,160/yr
$3,013/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 | $750 | $858 | $965 | $1,158 | $1,244 |
| 60% AMI Maximum | $900 | $1,029 | $1,158 | $1,389 | $1,492 |
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 | $666 | $785 | $904 | $1,257 | $1,394 |
| Low HOME Rent | $751 | $858 | $966 | $1,072 | $1,158 |
Compare Madison County, KY With Other KY Metros
vs. Allen County, KY HUD Metro FMR Area
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vs. Carlisle County, KY HUD Metro FMR Area