What is the Fair Market Rent for a 2-bedroom in Lincoln County, WV HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Lincoln County, WV HUD Metro FMR Area is $686 per month for fiscal year 2021. The studio FMR is $495, 1-bedroom is $571, 3-bedroom is $865, and 4-bedroom is $1,035.

What income do you need to afford the FMR in Lincoln County, WV HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $27,440 per year ($2,287 per month) to afford the FY2021 2-bedroom Fair Market Rent of $686 in Lincoln County, WV HUD Metro FMR Area.

FY2021 Fair Market Rents — Lincoln County, WV HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$495

1BR

$571

2BR

$686

3BR

$865

4BR

$1,035

Hours/week at min wage

61 hrs

to afford the 2BR FMR @ $8.75/hr (WV)

National rank

#601

of 632 U.S. metros (top 96% most expensive)

YoY change (2BR)

-0.7%

$5 vs FY2020

Voucher payment standard

$617–$755

PHAs set HCV payment at 90–110% of the 2BR FMR

Lincoln County, WV HUD Metro FMR Area

Metropolitan area · WV · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$495	$5,940
1-Bedroom	$571	$6,852
2-Bedroom	$686	$8,232
3-Bedroom	$865	$10,380
4-Bedroom	$1,035	$12,420

Recent 2-Bedroom FMR Trend

FY2017 $681 → FY2021 $686

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$495	$571	$686	$865	$1,035
FY2020	$482	$572	$691	$932	$1,074
FY2019	$453	$513	$643	$901	$1,015
FY2018	$448	$519	$644	$886	$889
FY2017	$486	$516	$681	$915	$939

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $49,500

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$12,880	$17,420	$21,960	$26,500	$29,600	$31,800
50% AMI (Very Low)	$19,200	$21,950	$24,700	$27,400	$29,600	$31,800
80% AMI (Low)	$30,700	$35,100	$39,500	$43,850	$47,400	$50,900

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$8,232/yr

FMR as % of Area Median Income

16.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$27,440/yr

$2,287/mo gross income

FY2021 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	$433	$495	$556	$668	$717
60% AMI Maximum	$519	$594	$668	$801	$861

FY2021 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	$495	$571	$686	$804	$804
Low HOME Rent	$480	$548	$617	$685	$740

Compare Lincoln County, WV HUD Metro FMR Area With Other WV Metros

vs. Boone County, WV HUD Metro FMR Area vs. Charleston, WV HUD Metro FMR Area vs. Fayette County, WV HUD Metro FMR Area vs. Jackson County, WV HUD Metro FMR Area vs. Jefferson County, WV HUD Metro FMR Area