FY2026 Fair Market Rents — Madison County
Studio
$684
1BR
$758
2BR
$992
3BR
$1,285
4BR
$1,524
Madison County, Nebraska
FIPS 31119 · County-level FMR and income limit data
FMR Area: Madison County, NE
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $684 | $8,208 |
| 1-Bedroom | $758 | $9,096 |
| 2-Bedroom | $992 | $11,904 |
| 3-Bedroom | $1,285 | $15,420 |
| 4-Bedroom | $1,524 | $18,288 |
To afford the FY2026 2-bedroom FMR of $992/mo under the 30%-of-income rule, a household needs about
$39,680/yr ($3,307/mo). Area Median Income is $90,000.
At NE's state minimum wage of $13.50/hr, a worker would need to work 57 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $684 | $758 | $992 | $1,285 | $1,524 |
| FY2025 | $636 | $707 | $928 | $1,192 | $1,452 |
| FY2024 | $630 | $708 | $930 | $1,227 | $1,378 |
| FY2023 | $592 | $672 | $885 | $1,203 | $1,256 |
| FY2022 | $520 | $594 | $782 | $1,057 | $1,060 |
| FY2021 | $494 | $568 | $749 | $1,012 | $1,016 |
| FY2020 | $466 | $543 | $715 | $965 | $969 |
FY2026 Income Limits
Area Median Income: $90,000
| 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 |