FY2026 Fair Market Rents — Chemung County
Studio
$949
1BR
$978
2BR
$1,283
3BR
$1,606
4BR
$1,713
Chemung County, New York
FIPS 36015 · County-level FMR and income limit data
FMR Area: Elmira, NY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $949 | $11,388 |
| 1-Bedroom | $978 | $11,736 |
| 2-Bedroom | $1,283 | $15,396 |
| 3-Bedroom | $1,606 | $19,272 |
| 4-Bedroom | $1,713 | $20,556 |
To afford the FY2026 2-bedroom FMR of $1,283/mo under the 30%-of-income rule, a household needs about
$51,320/yr ($4,277/mo). Area Median Income is $89,800.
At NY's state minimum wage of $16.50/hr, a worker would need to work 60 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $949 | $978 | $1,283 | $1,606 | $1,713 |
| FY2025 | $960 | $978 | $1,283 | $1,628 | $1,719 |
| FY2024 | $905 | $922 | $1,208 | $1,560 | $1,697 |
| FY2023 | $808 | $810 | $1,039 | $1,333 | $1,481 |
| FY2022 | $738 | $743 | $944 | $1,241 | $1,339 |
| FY2021 | $729 | $733 | $924 | $1,220 | $1,283 |
| FY2020 | $647 | $671 | $839 | $1,108 | $1,146 |
FY2026 Income Limits
Area Median Income: $89,800
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |