FY2026 Fair Market Rents — Clay County
Studio
$576
1BR
$591
2BR
$776
3BR
$1,024
4BR
$1,027
Clay County, Alabama
FIPS 01027 · County-level FMR and income limit data
FMR Area: Clay County, AL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $576 | $6,912 |
| 1-Bedroom | $591 | $7,092 |
| 2-Bedroom | $776 | $9,312 |
| 3-Bedroom | $1,024 | $12,288 |
| 4-Bedroom | $1,027 | $12,324 |
To afford the FY2026 2-bedroom FMR of $776/mo under the 30%-of-income rule, a household needs about
$31,040/yr ($2,587/mo). Area Median Income is $74,200.
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 | $576 | $591 | $776 | $1,024 | $1,027 |
| FY2025 | $565 | $630 | $772 | $1,058 | $1,133 |
| FY2024 | $620 | $700 | $857 | $1,175 | $1,258 |
| FY2023 | $520 | $626 | $740 | $1,001 | $1,154 |
| FY2022 | $495 | $609 | $705 | $961 | $1,120 |
| FY2021 | $479 | $556 | $634 | $868 | $1,060 |
| FY2020 | $482 | $538 | $612 | $882 | $1,075 |
FY2026 Income Limits
Area Median Income: $74,200
| 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 |