FY2026 Fair Market Rents — Montgomery County
Studio
$789
1BR
$794
2BR
$925
3BR
$1,252
4BR
$1,552
Montgomery County, North Carolina
FIPS 37123 · County-level FMR and income limit data
FMR Area: Montgomery County, NC
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $789 | $9,468 |
| 1-Bedroom | $794 | $9,528 |
| 2-Bedroom | $925 | $11,100 |
| 3-Bedroom | $1,252 | $15,024 |
| 4-Bedroom | $1,552 | $18,624 |
To afford the FY2026 2-bedroom FMR of $925/mo under the 30%-of-income rule, a household needs about
$37,000/yr ($3,083/mo). Area Median Income is $69,400.
At NC's federal minimum wage of $7.25/hr, a worker would need to work 99 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $789 | $794 | $925 | $1,252 | $1,552 |
| FY2025 | $760 | $765 | $930 | $1,223 | $1,562 |
| FY2024 | $691 | $695 | $856 | $1,089 | $1,439 |
| FY2023 | $607 | $611 | $771 | $960 | $1,173 |
| FY2022 | $558 | $561 | $724 | $895 | $1,083 |
| FY2021 | $533 | $537 | $693 | $862 | $1,013 |
| FY2020 | $530 | $533 | $671 | $867 | $1,082 |
FY2026 Income Limits
Area Median Income: $69,400
| 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 |