FY2026 Fair Market Rents — Alleghany County
Studio
$740
1BR
$745
2BR
$978
3BR
$1,173
4BR
$1,470
Alleghany County, North Carolina
FIPS 37005 · County-level FMR and income limit data
FMR Area: Alleghany County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $740 | $8,880 |
| 1-Bedroom | $745 | $8,940 |
| 2-Bedroom | $978 | $11,736 |
| 3-Bedroom | $1,173 | $14,076 |
| 4-Bedroom | $1,470 | $17,640 |
To afford the FY2026 2-bedroom FMR of $978/mo under the 30%-of-income rule, a household needs about
$39,120/yr ($3,260/mo). Area Median Income is $71,000.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $740 | $745 | $978 | $1,173 | $1,470 |
| FY2025 | $717 | $722 | $947 | $1,141 | $1,424 |
| FY2024 | $651 | $655 | $861 | $1,041 | $1,461 |
| FY2023 | $589 | $593 | $780 | $949 | $1,329 |
| FY2022 | $557 | $561 | $738 | $912 | $1,250 |
| FY2021 | $522 | $526 | $693 | $862 | $1,180 |
| FY2020 | $506 | $509 | $671 | $846 | $1,054 |
FY2026 Income Limits
Area Median Income: $71,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,450 | $31,350 | $35,250 | $39,150 | $42,300 | $45,450 |
| 80% AMI | $43,900 | $50,150 | $56,400 | $62,650 | $67,700 | $72,700 |