FY2026 Fair Market Rents — Allegany County, NY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$750
1BR
$754
2BR
$974
3BR
$1,243
4BR
$1,464
Hours/week at min wage
46 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
YoY change (2BR)
+4.4%
+$41 vs FY2025 · 5-yr +32.7%
Voucher payment standard
$877–$1,071
PHAs set HCV payment at 90–110% of the 2BR FMR
Allegany County, NY
Non-Metropolitan area · NY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $750 | $9,000 |
| 1-Bedroom | $754 | $9,048 |
| 2-Bedroom | $974 | $11,688 |
| 3-Bedroom | $1,243 | $14,916 |
| 4-Bedroom | $1,464 | $17,568 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $974
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $750 | $754 | $974 | $1,243 | $1,464 |
| FY2025 | $700 | $745 | $933 | $1,167 | $1,362 |
| FY2024 | $676 | $731 | $905 | $1,130 | $1,288 |
| FY2023 | $616 | $669 | $826 | $1,028 | $1,198 |
| FY2022 | $569 | $613 | $757 | $969 | $1,119 |
| FY2021 | $550 | $592 | $734 | $951 | $1,103 |
| FY2020 | $541 | $583 | $714 | $923 | $1,099 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $86,700
| 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
$11,688/yr
FMR as % of Area Median Income
13.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$38,960/yr
$3,247/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 | $758 | $867 | $975 | $1,170 | $1,257 |
| 60% AMI Maximum | $910 | $1,040 | $1,170 | $1,404 | $1,508 |
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 | $750 | $754 | $974 | $1,243 | $1,408 |
| Low HOME Rent | $787 | $900 | $1,012 | $1,123 | $1,213 |
Compare Allegany County, NY With Other NY Metros
vs. Albany-Schenectady-Troy, NY MSA
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vs. Buffalo-Cheektowaga-Niagara Falls, NY MSA
vs. Elmira, NY MSA
vs. Glens Falls, NY MSA