FY2026 Fair Market Rents — Phelps County
Studio
$666
1BR
$760
2BR
$961
3BR
$1,311
4BR
$1,463
Phelps County, Nebraska
FIPS 31137 · County-level FMR and income limit data
FMR Area: Phelps County, NE
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $666 | $7,992 |
| 1-Bedroom | $760 | $9,120 |
| 2-Bedroom | $961 | $11,532 |
| 3-Bedroom | $1,311 | $15,732 |
| 4-Bedroom | $1,463 | $17,556 |
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 $102,900.
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 | $760 | $961 | $1,311 | $1,463 |
| FY2025 | $622 | $722 | $907 | $1,218 | $1,381 |
| FY2024 | $591 | $743 | $872 | $1,229 | $1,342 |
| FY2023 | $562 | $731 | $826 | $1,174 | $1,319 |
| FY2022 | $507 | $664 | $757 | $1,075 | $1,221 |
| FY2021 | $484 | $644 | $734 | $1,050 | $1,168 |
| FY2020 | $455 | $613 | $698 | $1,007 | $1,102 |
FY2026 Income Limits
Area Median Income: $102,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,600 | $24,700 | $27,800 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,050 | $41,200 | $46,350 | $51,450 | $55,600 | $59,700 |
| 80% AMI | $57,650 | $65,850 | $74,100 | $82,300 | $88,900 | $95,500 |