FY2026 Fair Market Rents — Somerset County
Studio
$901
1BR
$907
2BR
$1,167
3BR
$1,586
4BR
$1,667
Somerset County, Maryland
FIPS 24039 · County-level FMR and income limit data
FMR Area: Somerset County, MD HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $901 | $10,812 |
| 1-Bedroom | $907 | $10,884 |
| 2-Bedroom | $1,167 | $14,004 |
| 3-Bedroom | $1,586 | $19,032 |
| 4-Bedroom | $1,667 | $20,004 |
To afford the FY2026 2-bedroom FMR of $1,167/mo under the 30%-of-income rule, a household needs about
$46,680/yr ($3,890/mo). Area Median Income is $89,800.
At MD's state minimum wage of $15.00/hr, a worker would need to work 60 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $901 | $907 | $1,167 | $1,586 | $1,667 |
| FY2025 | $946 | $952 | $1,249 | $1,613 | $1,686 |
| FY2024 | $832 | $837 | $1,100 | $1,458 | $1,465 |
| FY2023 | $697 | $701 | $923 | $1,235 | $1,240 |
| FY2022 | $611 | $648 | $792 | $1,070 | $1,098 |
| FY2021 | $570 | $666 | $764 | $1,093 | $1,219 |
| FY2020 | $501 | $647 | $740 | $1,030 | $1,151 |
FY2026 Income Limits
Area Median Income: $89,800
| 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 |