FY2026 Fair Market Rents — Allegany County
Studio
$694
1BR
$823
2BR
$973
3BR
$1,333
4BR
$1,452
Allegany County, Maryland
FIPS 24001 · County-level FMR and income limit data
FMR Area: Cumberland, MD-WV MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $694 | $8,328 |
| 1-Bedroom | $823 | $9,876 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,333 | $15,996 |
| 4-Bedroom | $1,452 | $17,424 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $72,700.
At MD's state minimum wage of $15.00/hr, a worker would need to work 50 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $694 | $823 | $973 | $1,333 | $1,452 |
| FY2025 | $655 | $747 | $933 | $1,226 | $1,388 |
| FY2024 | $624 | $736 | $920 | $1,186 | $1,453 |
| FY2023 | $560 | $668 | $838 | $1,073 | $1,356 |
| FY2022 | $503 | $606 | $757 | $987 | $1,261 |
| FY2021 | $499 | $587 | $734 | $965 | $1,223 |
| FY2020 | $519 | $587 | $714 | $961 | $1,192 |
FY2026 Income Limits
Area Median Income: $72,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,950 | $22,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,250 | $38,000 | $42,750 | $47,500 | $51,300 | $55,100 |
| 80% AMI | $53,200 | $60,800 | $68,400 | $76,000 | $82,100 | $88,200 |