FY2026 Fair Market Rents — Nicholas County
Studio
$619
1BR
$696
2BR
$866
3BR
$1,204
4BR
$1,311
Nicholas County, Kentucky
FIPS 21181 · County-level FMR and income limit data
FMR Area: Nicholas County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $619 | $7,428 |
| 1-Bedroom | $696 | $8,352 |
| 2-Bedroom | $866 | $10,392 |
| 3-Bedroom | $1,204 | $14,448 |
| 4-Bedroom | $1,311 | $15,732 |
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 $76,500.
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 | $696 | $866 | $1,204 | $1,311 |
| FY2025 | $624 | $661 | $867 | $1,175 | $1,456 |
| FY2024 | $616 | $647 | $850 | $1,085 | $1,442 |
| FY2023 | $538 | $564 | $742 | $910 | $1,264 |
| FY2022 | $482 | $512 | $674 | $833 | $1,154 |
| FY2021 | $475 | $503 | $663 | $828 | $1,148 |
| FY2020 | $448 | $479 | $631 | $853 | $856 |
FY2026 Income Limits
Area Median Income: $76,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,100 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $26,800 | $30,600 | $34,450 | $38,250 | $41,350 | $44,400 |
| 80% AMI | $42,850 | $49,000 | $55,100 | $61,200 | $66,100 | $71,000 |