What is the Fair Market Rent for a 2-bedroom in Palm Bay-Melbourne-Titusville, FL MSA?

The HUD Fair Market Rent for a 2-bedroom unit in Palm Bay-Melbourne-Titusville, FL MSA is $1,709 per month for fiscal year 2026. The studio FMR is $1,266, 1-bedroom is $1,478, 3-bedroom is $2,330, and 4-bedroom is $2,645.

What income do you need to afford the FMR in Palm Bay-Melbourne-Titusville, FL MSA?

Using the standard 30%-of-income affordability rule, a household would need to earn about $68,360 per year ($5,697 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,709 in Palm Bay-Melbourne-Titusville, FL MSA.

FY2026 Fair Market Rents — Palm Bay-Melbourne-Titusville, FL MSA

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,266

1BR

$1,478

2BR

$1,709

3BR

$2,330

4BR

$2,645

Hours/week at min wage

94 hrs

to afford the 2BR FMR @ $14.00/hr (FL)

National rank

#131

of 661 U.S. metros (top 21% most expensive)

YoY change (2BR)

+4.5%

+$74 vs FY2025 · 5-yr +50.7%

Voucher payment standard

$1,538–$1,880

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

Palm Bay-Melbourne-Titusville, FL MSA

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,266	$15,192
1-Bedroom	$1,478	$17,736
2-Bedroom	$1,709	$20,508
3-Bedroom	$2,330	$27,960
4-Bedroom	$2,645	$31,740

Recent 2-Bedroom FMR Trend

FY2020 $1,078 → FY2026 $1,709

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$1,266	$1,478	$1,709	$2,330	$2,645
FY2025	$1,203	$1,408	$1,635	$2,224	$2,545
FY2024	$1,034	$1,214	$1,434	$1,938	$2,263
FY2023	$962	$1,143	$1,375	$1,834	$2,183
FY2022	$815	$984	$1,196	$1,596	$1,921
FY2021	$759	$921	$1,134	$1,525	$1,826
FY2020	$702	$866	$1,078	$1,465	$1,788

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $97,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$20,950	$23,950	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$34,900	$39,850	$44,850	$49,800	$53,800	$57,800
80% AMI (Low)	$55,800	$63,800	$71,750	$79,700	$86,100	$92,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$20,508/yr

FMR as % of Area Median Income

21.1% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$68,360/yr

$5,697/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	$848	$970	$1,091	$1,309	$1,406
60% AMI Maximum	$1,018	$1,164	$1,309	$1,571	$1,687

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	$1,266	$1,478	$1,576	$1,576	$1,576
Low HOME Rent	$872	$996	$1,121	$1,245	$1,345

Small Area FMRs by ZIP Code

This metro publishes ZIP-level Small Area Fair Market Rents. Metro-wide 2BR FMR: $1,709. About SAFMRs →

Highest-cost ZIPs (2BR SAFMR)

32925	$2,350
32940	$2,310
32934	$2,120
32950	$2,100
32904	$2,080

Lowest-cost ZIPs (2BR SAFMR)

32948	$1,270
32922	$1,290
32920	$1,340
32754	$1,380
32780	$1,480

All 45 ZIP codes in this area

32754 32775 32780 32781 32783 32796 32899 32901 32902 32903 32904 32905 32906 32907 32908 32909 32910 32911 32912 32920 32922 32923 32924 32925 32926 32927 32931 32932 32934 32935 32936 32937 32940 32941 32948 32949 32950 32951 32952 32953 32954 32955 32956 32959 32976

Compare Palm Bay-Melbourne-Titusville, FL MSA With Other FL Metros

vs. Baker County, FL HUD Metro FMR Area vs. Cape Coral-Fort Myers, FL MSA vs. Crestview-Fort Walton Beach-Destin, FL HUD Metro FMR Area vs. Deltona-Daytona Beach-Ormond Beach, FL HUD Metro FMR Area vs. Fort Lauderdale, FL HUD Metro FMR Area

Counties in This FMR Area

Brevard County