FY2026 Fair Market Rents — Otsego County, NY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$847
1BR
$965
2BR
$1,228
3BR
$1,472
4BR
$1,626
Hours/week at min wage
58 hrs
to afford the 2BR FMR @ $16.50/hr (NY)
YoY change (2BR)
+3.7%
+$44 vs FY2025 · 5-yr +34.1%
Voucher payment standard
$1,105–$1,351
PHAs set HCV payment at 90–110% of the 2BR FMR
Otsego 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) | $847 | $10,164 |
| 1-Bedroom | $965 | $11,580 |
| 2-Bedroom | $1,228 | $14,736 |
| 3-Bedroom | $1,472 | $17,664 |
| 4-Bedroom | $1,626 | $19,512 |
Recent 2-Bedroom FMR Trend
FY2020 $873 → FY2026 $1,228
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $847 | $965 | $1,228 | $1,472 | $1,626 |
| FY2025 | $812 | $957 | $1,184 | $1,426 | $1,570 |
| FY2024 | $719 | $879 | $1,061 | $1,304 | $1,413 |
| FY2023 | $720 | $827 | $990 | $1,254 | $1,381 |
| FY2022 | $723 | $734 | $892 | $1,151 | $1,307 |
| FY2021 | $732 | $737 | $916 | $1,182 | $1,425 |
| FY2020 | $692 | $696 | $873 | $1,095 | $1,404 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $90,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,100 | $21,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,850 | $36,400 | $40,950 | $45,450 | $49,100 | $52,750 |
| 80% AMI (Low) | $50,900 | $58,200 | $65,450 | $72,700 | $78,550 | $84,350 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,736/yr
FMR as % of Area Median Income
16.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$49,120/yr
$4,093/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 | $795 | $909 | $1,022 | $1,227 | $1,318 |
| 60% AMI Maximum | $954 | $1,090 | $1,227 | $1,472 | $1,581 |
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 | $847 | $965 | $1,228 | $1,472 | $1,477 |
| Low HOME Rent | $796 | $910 | $1,023 | $1,136 | $1,227 |
Compare Otsego County, NY With Other NY Metros
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vs. Glens Falls, NY MSA