FY2026 Fair Market Rents — Cherry County
Studio
$710
1BR
$780
2BR
$1,024
3BR
$1,228
4BR
$1,368
Cherry County, Nebraska
FIPS 31031 · County-level FMR and income limit data
FMR Area: Cherry County, NE
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $710 | $8,520 |
| 1-Bedroom | $780 | $9,360 |
| 2-Bedroom | $1,024 | $12,288 |
| 3-Bedroom | $1,228 | $14,736 |
| 4-Bedroom | $1,368 | $16,416 |
To afford the FY2026 2-bedroom FMR of $1,024/mo under the 30%-of-income rule, a household needs about
$40,960/yr ($3,413/mo). Area Median Income is $77,900.
At NE's state minimum wage of $13.50/hr, a worker would need to work 59 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $710 | $780 | $1,024 | $1,228 | $1,368 |
| FY2025 | $622 | $765 | $907 | $1,096 | $1,204 |
| FY2024 | $591 | $727 | $872 | $1,078 | $1,163 |
| FY2023 | $562 | $628 | $826 | $1,005 | $1,122 |
| FY2022 | $521 | $591 | $778 | $962 | $1,066 |
| FY2021 | $484 | $587 | $734 | $986 | $1,021 |
| FY2020 | $455 | $559 | $698 | $980 | $983 |
FY2026 Income Limits
Area Median Income: $77,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,800 | $22,600 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,950 | $37,650 | $42,350 | $47,050 | $50,850 | $54,600 |
| 80% AMI | $52,750 | $60,250 | $67,800 | $75,300 | $81,350 | $87,350 |