FY2026 Fair Market Rents — Caroline County, MD
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$995
1BR
$1,001
2BR
$1,314
3BR
$1,642
4BR
$2,184
Hours/week at min wage
68 hrs
to afford the 2BR FMR @ $15.00/hr (MD)
YoY change (2BR)
+1.5%
+$19 vs FY2025 · 5-yr +40.2%
Voucher payment standard
$1,183–$1,445
PHAs set HCV payment at 90–110% of the 2BR FMR
Caroline County, MD
Non-Metropolitan area · MD · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $995 | $11,940 |
| 1-Bedroom | $1,001 | $12,012 |
| 2-Bedroom | $1,314 | $15,768 |
| 3-Bedroom | $1,642 | $19,704 |
| 4-Bedroom | $2,184 | $26,208 |
Recent 2-Bedroom FMR Trend
FY2020 $964 → FY2026 $1,314
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $995 | $1,001 | $1,314 | $1,642 | $2,184 |
| FY2025 | $981 | $987 | $1,295 | $1,688 | $2,153 |
| FY2024 | $931 | $938 | $1,232 | $1,669 | $2,058 |
| FY2023 | $794 | $800 | $1,052 | $1,426 | $1,790 |
| FY2022 | $723 | $728 | $958 | $1,312 | $1,600 |
| FY2021 | $677 | $711 | $937 | $1,238 | $1,524 |
| FY2020 | $727 | $732 | $964 | $1,263 | $1,514 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $88,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,950 | $22,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $33,250 | $38,000 | $42,750 | $47,500 | $51,300 | $55,100 |
| 80% AMI (Low) | $53,200 | $60,800 | $68,400 | $76,000 | $82,100 | $88,200 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$15,768/yr
FMR as % of Area Median Income
17.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$52,560/yr
$4,380/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 | $776 | $888 | $999 | $1,198 | $1,287 |
| 60% AMI Maximum | $932 | $1,065 | $1,198 | $1,438 | $1,545 |
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 | $995 | $1,001 | $1,314 | $1,443 | $1,443 |
| Low HOME Rent | $831 | $950 | $1,068 | $1,187 | $1,282 |
Compare Caroline County, MD With Other MD Metros
vs. Baltimore-Columbia-Towson, MD MSA
vs. California-Lexington Park, MD MSA
vs. Calvert County, MD HUD Metro FMR Area
vs. Cumberland, MD-WV MSA
vs. Hagerstown, MD HUD Metro FMR Area