FY2026 Fair Market Rents — Colbert County
Studio
$698
1BR
$775
2BR
$1,000
3BR
$1,242
4BR
$1,409
Colbert County, Alabama
FIPS 01033 · County-level FMR and income limit data
FMR Area: Florence-Muscle Shoals, AL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $698 | $8,376 |
| 1-Bedroom | $775 | $9,300 |
| 2-Bedroom | $1,000 | $12,000 |
| 3-Bedroom | $1,242 | $14,904 |
| 4-Bedroom | $1,409 | $16,908 |
To afford the FY2026 2-bedroom FMR of $1,000/mo under the 30%-of-income rule, a household needs about
$40,000/yr ($3,333/mo). Area Median Income is $95,900.
At AL's federal minimum wage of $7.25/hr, a worker would need to work 107 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $698 | $775 | $1,000 | $1,242 | $1,409 |
| FY2025 | $674 | $743 | $974 | $1,196 | $1,421 |
| FY2024 | $664 | $720 | $940 | $1,157 | $1,425 |
| FY2023 | $574 | $617 | $811 | $1,000 | $1,249 |
| FY2022 | $525 | $575 | $751 | $935 | $1,173 |
| FY2021 | $525 | $580 | $748 | $943 | $1,213 |
| FY2020 | $498 | $565 | $714 | $913 | $1,191 |
FY2026 Income Limits
Area Median Income: $95,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,050 | $21,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,700 | $36,250 | $40,800 | $45,300 | $48,950 | $52,550 |
| 80% AMI | $50,750 | $58,000 | $65,250 | $72,450 | $78,250 | $84,050 |