FY2026 Fair Market Rents — Cherokee County
Studio
$627
1BR
$682
2BR
$844
3BR
$1,012
4BR
$1,259
Cherokee County, Alabama
FIPS 01019 · County-level FMR and income limit data
FMR Area: Cherokee County, AL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $627 | $7,524 |
| 1-Bedroom | $682 | $8,184 |
| 2-Bedroom | $844 | $10,128 |
| 3-Bedroom | $1,012 | $12,144 |
| 4-Bedroom | $1,259 | $15,108 |
To afford the FY2026 2-bedroom FMR of $844/mo under the 30%-of-income rule, a household needs about
$33,760/yr ($2,813/mo). Area Median Income is $73,600.
At AL's federal minimum wage of $7.25/hr, a worker would need to work 90 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $627 | $682 | $844 | $1,012 | $1,259 |
| FY2025 | $598 | $663 | $805 | $970 | $1,211 |
| FY2024 | $664 | $726 | $887 | $1,072 | $1,327 |
| FY2023 | $574 | $584 | $759 | $959 | $1,097 |
| FY2022 | $530 | $536 | $705 | $982 | $1,006 |
| FY2021 | $479 | $481 | $634 | $877 | $880 |
| FY2020 | $462 | $465 | $612 | $826 | $829 |
FY2026 Income Limits
Area Median Income: $73,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,050 |
| 50% AMI | $26,000 | $29,700 | $33,400 | $37,100 | $40,100 | $43,050 |
| 80% AMI | $41,550 | $47,500 | $53,450 | $59,350 | $64,100 | $68,850 |