FY2026 Fair Market Rents — Phillips County
Studio
$798
1BR
$803
2BR
$1,054
3BR
$1,345
4BR
$1,652
Phillips County, Colorado
FIPS 08095 · County-level FMR and income limit data
FMR Area: Phillips County, CO
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $798 | $9,576 |
| 1-Bedroom | $803 | $9,636 |
| 2-Bedroom | $1,054 | $12,648 |
| 3-Bedroom | $1,345 | $16,140 |
| 4-Bedroom | $1,652 | $19,824 |
To afford the FY2026 2-bedroom FMR of $1,054/mo under the 30%-of-income rule, a household needs about
$42,160/yr ($3,513/mo). Area Median Income is $103,100.
At CO's state minimum wage of $14.81/hr, a worker would need to work 55 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $798 | $803 | $1,054 | $1,345 | $1,652 |
| FY2025 | $779 | $784 | $1,030 | $1,307 | $1,658 |
| FY2024 | $865 | $871 | $1,144 | $1,383 | $1,842 |
| FY2023 | $780 | $785 | $1,002 | $1,219 | $1,346 |
| FY2022 | $774 | $779 | $973 | $1,230 | $1,319 |
| FY2021 | $610 | $614 | $809 | $1,072 | $1,168 |
| FY2020 | $539 | $542 | $714 | $963 | $1,076 |
FY2026 Income Limits
Area Median Income: $103,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,700 | $24,800 | $27,900 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,100 | $41,250 | $46,400 | $51,550 | $55,700 | $59,800 |
| 80% AMI | $57,750 | $66,000 | $74,250 | $82,500 | $89,100 | $95,700 |