FY2026 Fair Market Rents — Franklin County
Studio
$666
1BR
$732
2BR
$961
3BR
$1,187
4BR
$1,284
Franklin County, Nebraska
FIPS 31061 · County-level FMR and income limit data
FMR Area: Franklin County, NE
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $666 | $7,992 |
| 1-Bedroom | $732 | $8,784 |
| 2-Bedroom | $961 | $11,532 |
| 3-Bedroom | $1,187 | $14,244 |
| 4-Bedroom | $1,284 | $15,408 |
To afford the FY2026 2-bedroom FMR of $961/mo under the 30%-of-income rule, a household needs about
$38,440/yr ($3,203/mo). Area Median Income is $87,400.
At NE's state minimum wage of $13.50/hr, a worker would need to work 55 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $666 | $732 | $961 | $1,187 | $1,284 |
| FY2025 | $622 | $739 | $907 | $1,198 | $1,203 |
| FY2024 | $591 | $702 | $872 | $1,176 | $1,329 |
| FY2023 | $562 | $628 | $826 | $1,049 | $1,239 |
| FY2022 | $507 | $575 | $757 | $936 | $1,189 |
| FY2021 | $484 | $557 | $734 | $913 | $1,178 |
| FY2020 | $455 | $530 | $698 | $870 | $1,195 |
FY2026 Income Limits
Area Median Income: $87,400
| 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 |