FY2026 Fair Market Rents — Elmira, NY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$949
1BR
$978
2BR
$1,283
3BR
$1,606
4BR
$1,713
Hours/week at min wage
60 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
National rank
#296
of 661 U.S. metros (top 46% most expensive)
YoY change (2BR)
0%
$0 vs FY2025 · 5-yr +38.9%
Voucher payment standard
$1,155–$1,411
PHAs set HCV payment at 90–110% of the 2BR FMR
Elmira, NY MSA
Metropolitan area · NY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $949 | $11,388 |
| 1-Bedroom | $978 | $11,736 |
| 2-Bedroom | $1,283 | $15,396 |
| 3-Bedroom | $1,606 | $19,272 |
| 4-Bedroom | $1,713 | $20,556 |
Recent 2-Bedroom FMR Trend
FY2020 $839 → FY2026 $1,283
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $949 | $978 | $1,283 | $1,606 | $1,713 |
| FY2025 | $960 | $978 | $1,283 | $1,628 | $1,719 |
| FY2024 | $905 | $922 | $1,208 | $1,560 | $1,697 |
| FY2023 | $808 | $810 | $1,039 | $1,333 | $1,481 |
| FY2022 | $738 | $743 | $944 | $1,241 | $1,339 |
| FY2021 | $729 | $733 | $924 | $1,220 | $1,283 |
| FY2020 | $647 | $671 | $839 | $1,108 | $1,146 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $89,800
| 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
$15,396/yr
FMR as % of Area Median Income
17.1% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$51,320/yr
$4,277/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 | $785 | $898 | $1,010 | $1,212 | $1,302 |
| 60% AMI Maximum | $942 | $1,077 | $1,212 | $1,454 | $1,562 |
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 | $949 | $978 | $1,283 | $1,459 | $1,459 |
| Low HOME Rent | $787 | $900 | $1,012 | $1,123 | $1,213 |
Compare Elmira, NY MSA With Other NY Metros
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