FY2026 Fair Market Rents — Hancock County
Studio
$769
1BR
$774
2BR
$1,016
3BR
$1,345
4BR
$1,347
Hancock County, Kentucky
FIPS 21091 · County-level FMR and income limit data
FMR Area: Owensboro, KY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $769 | $9,228 |
| 1-Bedroom | $774 | $9,288 |
| 2-Bedroom | $1,016 | $12,192 |
| 3-Bedroom | $1,345 | $16,140 |
| 4-Bedroom | $1,347 | $16,164 |
To afford the FY2026 2-bedroom FMR of $1,016/mo under the 30%-of-income rule, a household needs about
$40,640/yr ($3,387/mo). Area Median Income is $80,400.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 108 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $769 | $774 | $1,016 | $1,345 | $1,347 |
| FY2025 | $854 | $860 | $1,128 | $1,494 | $1,496 |
| FY2024 | $825 | $830 | $1,091 | $1,440 | $1,453 |
| FY2023 | $699 | $703 | $926 | $1,223 | $1,244 |
| FY2022 | $595 | $641 | $843 | $1,101 | $1,143 |
| FY2021 | $598 | $623 | $821 | $1,075 | $1,113 |
| FY2020 | $565 | $605 | $787 | $1,027 | $1,107 |
FY2026 Income Limits
Area Median Income: $80,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,000 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,350 | $32,400 | $36,450 | $40,450 | $43,700 | $46,950 |
| 80% AMI | $45,350 | $51,800 | $58,250 | $64,700 | $69,900 | $75,100 |