FY2026 Fair Market Rents — Choctaw County
Studio
$578
1BR
$616
2BR
$778
3BR
$1,024
4BR
$1,179
Choctaw County, Alabama
FIPS 01023 · County-level FMR and income limit data
FMR Area: Choctaw County, AL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $578 | $6,936 |
| 1-Bedroom | $616 | $7,392 |
| 2-Bedroom | $778 | $9,336 |
| 3-Bedroom | $1,024 | $12,288 |
| 4-Bedroom | $1,179 | $14,148 |
To afford the FY2026 2-bedroom FMR of $778/mo under the 30%-of-income rule, a household needs about
$31,120/yr ($2,593/mo). Area Median Income is $74,900.
At AL's federal minimum wage of $7.25/hr, a worker would need to work 83 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $578 | $616 | $778 | $1,024 | $1,179 |
| FY2025 | $578 | $600 | $772 | $1,007 | $1,309 |
| FY2024 | $642 | $666 | $857 | $1,102 | $1,454 |
| FY2023 | $560 | $562 | $740 | $921 | $1,260 |
| FY2022 | $530 | $536 | $705 | $871 | $1,182 |
| FY2021 | $479 | $481 | $634 | $789 | $910 |
| FY2020 | $466 | $469 | $618 | $770 | $844 |
FY2026 Income Limits
Area Median Income: $74,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $43,450 |
| 50% AMI | $26,250 | $30,000 | $33,750 | $37,450 | $40,450 | $43,450 |
| 80% AMI | $41,950 | $47,950 | $53,950 | $59,900 | $64,700 | $69,500 |