FY2026 Fair Market Rents — Boone County
Studio
$958
1BR
$1,051
2BR
$1,353
3BR
$1,785
4BR
$1,976
Boone County, Kentucky
FIPS 21015 · County-level FMR and income limit data
FMR Area: Cincinnati, OH-KY-IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $958 | $11,496 |
| 1-Bedroom | $1,051 | $12,612 |
| 2-Bedroom | $1,353 | $16,236 |
| 3-Bedroom | $1,785 | $21,420 |
| 4-Bedroom | $1,976 | $23,712 |
To afford the FY2026 2-bedroom FMR of $1,353/mo under the 30%-of-income rule, a household needs about
$54,120/yr ($4,510/mo). Area Median Income is $109,900.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 144 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $958 | $1,051 | $1,353 | $1,785 | $1,976 |
| FY2025 | $883 | $993 | $1,287 | $1,707 | $1,885 |
| FY2024 | $810 | $919 | $1,195 | $1,588 | $1,766 |
| FY2023 | $731 | $839 | $1,093 | $1,464 | $1,645 |
| FY2022 | $643 | $742 | $968 | $1,302 | $1,483 |
| FY2021 | $604 | $698 | $916 | $1,244 | $1,425 |
| FY2020 | $568 | $658 | $865 | $1,185 | $1,362 |
FY2026 Income Limits
Area Median Income: $109,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,100 | $26,400 | $29,700 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $38,500 | $44,000 | $49,500 | $54,950 | $59,350 | $63,750 |
| 80% AMI | $61,550 | $70,350 | $79,150 | $87,900 | $94,950 | $102,000 |