FY2026 Fair Market Rents — Provo-Orem, UT MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,257
1BR
$1,265
2BR
$1,460
3BR
$2,031
4BR
$2,449
Hours/week at min wage
155 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+7.7%
+$105 vs FY2025 · 5-yr +54.8%
Voucher payment standard
$1,314–$1,606
PHAs set HCV payment at 90–110% of the 2BR FMR
Provo-Orem, UT MSA
Non-Metropolitan area · UT · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,257 | $15,084 |
| 1-Bedroom | $1,265 | $15,180 |
| 2-Bedroom | $1,460 | $17,520 |
| 3-Bedroom | $2,031 | $24,372 |
| 4-Bedroom | $2,449 | $29,388 |
Recent 2-Bedroom FMR Trend
FY2020 $926 → FY2026 $1,460
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,257 | $1,265 | $1,460 | $2,031 | $2,449 |
| FY2025 | $1,164 | $1,171 | $1,355 | $1,899 | $2,275 |
| FY2024 | $1,086 | $1,093 | $1,253 | $1,766 | $2,126 |
| FY2023 | $1,001 | $1,009 | $1,156 | $1,643 | $1,969 |
| FY2022 | $880 | $914 | $1,041 | $1,479 | $1,782 |
| FY2021 | $776 | $827 | $943 | $1,350 | $1,633 |
| FY2020 | $723 | $814 | $926 | $1,336 | $1,626 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $119,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $25,050 | $28,600 | $32,200 | $35,750 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $41,750 | $47,700 | $53,650 | $59,600 | $64,400 | $69,150 |
| 80% AMI (Low) | $66,750 | $76,300 | $85,850 | $95,350 | $103,000 | $110,650 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$17,520/yr
FMR as % of Area Median Income
14.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$58,400/yr
$4,867/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 | $1,043 | $1,192 | $1,341 | $1,609 | $1,728 |
| 60% AMI Maximum | $1,251 | $1,430 | $1,609 | $1,931 | $2,074 |
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 | $1,257 | $1,265 | $1,460 | $1,937 | $1,937 |
| Low HOME Rent | $1,043 | $1,192 | $1,341 | $1,490 | $1,610 |
Compare Provo-Orem, UT MSA With Other UT Metros
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