FY2026 Fair Market Rents — Cortland County, NY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$954
1BR
$960
2BR
$1,198
3BR
$1,510
4BR
$2,010
Hours/week at min wage
56 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
YoY change (2BR)
+7.2%
+$80 vs FY2025 · 5-yr +37.7%
Voucher payment standard
$1,078–$1,318
PHAs set HCV payment at 90–110% of the 2BR FMR
Cortland 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) | $954 | $11,448 |
| 1-Bedroom | $960 | $11,520 |
| 2-Bedroom | $1,198 | $14,376 |
| 3-Bedroom | $1,510 | $18,120 |
| 4-Bedroom | $2,010 | $24,120 |
Recent 2-Bedroom FMR Trend
FY2020 $849 → FY2026 $1,198
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $954 | $960 | $1,198 | $1,510 | $2,010 |
| FY2025 | $896 | $901 | $1,118 | $1,387 | $1,877 |
| FY2024 | $800 | $805 | $992 | $1,215 | $1,683 |
| FY2023 | $775 | $780 | $947 | $1,153 | $1,613 |
| FY2022 | $697 | $723 | $867 | $1,072 | $1,384 |
| FY2021 | $678 | $733 | $870 | $1,083 | $1,285 |
| FY2020 | $666 | $717 | $849 | $1,070 | $1,199 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $92,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,500 | $22,300 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $32,550 | $37,200 | $41,850 | $46,450 | $50,200 | $53,900 |
| 80% AMI (Low) | $52,050 | $59,450 | $66,900 | $74,300 | $80,250 | $86,200 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,376/yr
FMR as % of Area Median Income
15.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$47,920/yr
$3,993/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 | $812 | $929 | $1,045 | $1,254 | $1,347 |
| 60% AMI Maximum | $975 | $1,114 | $1,254 | $1,504 | $1,616 |
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 | $954 | $960 | $1,198 | $1,509 | $1,509 |
| Low HOME Rent | $813 | $930 | $1,046 | $1,161 | $1,255 |
Compare Cortland County, NY With Other NY Metros
vs. Albany-Schenectady-Troy, NY MSA
vs. Binghamton, NY MSA
vs. Buffalo-Cheektowaga-Niagara Falls, NY MSA
vs. Elmira, NY MSA
vs. Glens Falls, NY MSA