FY2026 Fair Market Rents — Mercer County
Studio
$619
1BR
$660
2BR
$866
3BR
$1,204
4BR
$1,453
Mercer County, Kentucky
FIPS 21167 · County-level FMR and income limit data
FMR Area: Mercer County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $619 | $7,428 |
| 1-Bedroom | $660 | $7,920 |
| 2-Bedroom | $866 | $10,392 |
| 3-Bedroom | $1,204 | $14,448 |
| 4-Bedroom | $1,453 | $17,436 |
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 $90,800.
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 | $619 | $660 | $866 | $1,204 | $1,453 |
| FY2025 | $624 | $661 | $867 | $1,215 | $1,456 |
| FY2024 | $616 | $647 | $850 | $1,198 | $1,322 |
| FY2023 | $538 | $576 | $742 | $993 | $997 |
| FY2022 | $482 | $512 | $674 | $956 | $974 |
| FY2021 | $488 | $516 | $680 | $959 | $1,055 |
| FY2020 | $470 | $502 | $661 | $905 | $1,161 |
FY2026 Income Limits
Area Median Income: $90,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,100 | $21,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,800 | $36,350 | $40,900 | $45,400 | $49,050 | $52,700 |
| 80% AMI | $50,900 | $58,150 | $65,400 | $72,650 | $78,500 | $84,300 |