FY2026 Fair Market Rents — Clay County
Studio
$662
1BR
$759
2BR
$866
3BR
$1,176
4BR
$1,308
Clay County, Kentucky
FIPS 21051 · County-level FMR and income limit data
FMR Area: Clay County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $662 | $7,944 |
| 1-Bedroom | $759 | $9,108 |
| 2-Bedroom | $866 | $10,392 |
| 3-Bedroom | $1,176 | $14,112 |
| 4-Bedroom | $1,308 | $15,696 |
To afford the FY2026 2-bedroom FMR of $866/mo under the 30%-of-income rule, a household needs about
$34,640/yr ($2,887/mo). Area Median Income is $50,400.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 92 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $662 | $759 | $866 | $1,176 | $1,308 |
| FY2025 | $735 | $740 | $867 | $1,215 | $1,453 |
| FY2024 | $671 | $675 | $850 | $1,198 | $1,442 |
| FY2023 | $595 | $599 | $742 | $1,055 | $1,264 |
| FY2022 | $525 | $528 | $674 | $957 | $1,154 |
| FY2021 | $568 | $574 | $663 | $949 | $1,148 |
| FY2020 | $448 | $531 | $631 | $832 | $1,090 |
FY2026 Income Limits
Area Median Income: $50,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $41,750 |
| 50% AMI | $25,200 | $28,800 | $32,400 | $35,950 | $38,850 | $41,750 |
| 80% AMI | $40,250 | $46,000 | $51,750 | $57,500 | $62,100 | $66,700 |