FY2026 Fair Market Rents — Garrett County
Studio
$848
1BR
$864
2BR
$973
3BR
$1,353
4BR
$1,441
Garrett County, Maryland
FIPS 24023 · County-level FMR and income limit data
FMR Area: Garrett County, MD
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $848 | $10,176 |
| 1-Bedroom | $864 | $10,368 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,441 | $17,292 |
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 $88,300.
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 | $848 | $864 | $973 | $1,353 | $1,441 |
| FY2025 | $811 | $825 | $933 | $1,307 | $1,532 |
| FY2024 | $785 | $795 | $905 | $1,275 | $1,536 |
| FY2023 | $696 | $708 | $826 | $1,174 | $1,407 |
| FY2022 | $557 | $637 | $757 | $1,075 | $1,296 |
| FY2021 | $484 | $604 | $734 | $1,050 | $1,271 |
| FY2020 | $477 | $588 | $732 | $1,039 | $1,285 |
FY2026 Income Limits
Area Median Income: $88,300
| 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 |