FY2026 Fair Market Rents — Sheridan County, WY
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$855
1BR
$860
2BR
$1,129
3BR
$1,354
4BR
$1,891
Hours/week at min wage
120 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+2.9%
+$32 vs FY2025 · 5-yr +30.4%
Voucher payment standard
$1,016–$1,242
PHAs set HCV payment at 90–110% of the 2BR FMR
Sheridan County, WY
Non-Metropolitan area · WY · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $855 | $10,260 |
| 1-Bedroom | $860 | $10,320 |
| 2-Bedroom | $1,129 | $13,548 |
| 3-Bedroom | $1,354 | $16,248 |
| 4-Bedroom | $1,891 | $22,692 |
Recent 2-Bedroom FMR Trend
FY2020 $871 → FY2026 $1,129
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $855 | $860 | $1,129 | $1,354 | $1,891 |
| FY2025 | $831 | $836 | $1,097 | $1,322 | $1,712 |
| FY2024 | $875 | $876 | $1,145 | $1,384 | $1,802 |
| FY2023 | $736 | $762 | $963 | $1,217 | $1,602 |
| FY2022 | $703 | $707 | $893 | $1,130 | $1,528 |
| FY2021 | $675 | $689 | $866 | $1,132 | $1,499 |
| FY2020 | $651 | $703 | $871 | $1,101 | $1,529 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $100,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $21,600 | $24,650 | $27,750 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $35,950 | $41,050 | $46,200 | $51,300 | $55,450 | $59,550 |
| 80% AMI (Low) | $57,500 | $65,700 | $73,950 | $82,100 | $88,700 | $95,250 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,548/yr
FMR as % of Area Median Income
13.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$45,160/yr
$3,763/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 | $876 | $1,002 | $1,127 | $1,352 | $1,452 |
| 60% AMI Maximum | $1,052 | $1,202 | $1,352 | $1,623 | $1,743 |
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 | $855 | $860 | $1,129 | $1,354 | $1,628 |
| Low HOME Rent | $898 | $1,026 | $1,155 | $1,282 | $1,386 |