FY2026 Fair Market Rents — Owen County
Studio
$711
1BR
$758
2BR
$995
3BR
$1,329
4BR
$1,389
Owen County, Kentucky
FIPS 21187 · County-level FMR and income limit data
FMR Area: Owen County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $711 | $8,532 |
| 1-Bedroom | $758 | $9,096 |
| 2-Bedroom | $995 | $11,940 |
| 3-Bedroom | $1,329 | $15,948 |
| 4-Bedroom | $1,389 | $16,668 |
To afford the FY2026 2-bedroom FMR of $995/mo under the 30%-of-income rule, a household needs about
$39,800/yr ($3,317/mo). Area Median Income is $82,900.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 106 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $711 | $758 | $995 | $1,329 | $1,389 |
| FY2025 | $683 | $723 | $949 | $1,223 | $1,307 |
| FY2024 | $649 | $681 | $895 | $1,135 | $1,217 |
| FY2023 | $538 | $564 | $742 | $961 | $1,233 |
| FY2022 | $482 | $512 | $674 | $849 | $1,040 |
| FY2021 | $475 | $503 | $663 | $833 | $1,028 |
| FY2020 | $455 | $486 | $640 | $823 | $983 |
FY2026 Income Limits
Area Median Income: $82,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,400 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,050 | $33,200 | $37,350 | $41,450 | $44,800 | $48,100 |
| 80% AMI | $46,450 | $53,050 | $59,700 | $66,300 | $71,650 | $76,950 |