FY2026 Fair Market Rents — Herkimer County
Studio
$899
1BR
$926
2BR
$1,172
3BR
$1,405
4BR
$1,623
Herkimer County, New York
FIPS 36043 · County-level FMR and income limit data
FMR Area: Utica-Rome, NY MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $899 | $10,788 |
| 1-Bedroom | $926 | $11,112 |
| 2-Bedroom | $1,172 | $14,064 |
| 3-Bedroom | $1,405 | $16,860 |
| 4-Bedroom | $1,623 | $19,476 |
To afford the FY2026 2-bedroom FMR of $1,172/mo under the 30%-of-income rule, a household needs about
$46,880/yr ($3,907/mo). Area Median Income is $98,500.
At NY's state minimum wage of $16.50/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 | $899 | $926 | $1,172 | $1,405 | $1,623 |
| FY2025 | $922 | $928 | $1,159 | $1,396 | $1,651 |
| FY2024 | $785 | $790 | $992 | $1,199 | $1,410 |
| FY2023 | $755 | $759 | $955 | $1,162 | $1,376 |
| FY2022 | $676 | $680 | $863 | $1,067 | $1,238 |
| FY2021 | $587 | $625 | $796 | $990 | $1,140 |
| FY2020 | $563 | $613 | $790 | $984 | $1,096 |
FY2026 Income Limits
Area Median Income: $98,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,550 | $23,500 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,250 | $39,150 | $44,050 | $48,950 | $52,900 | $56,800 |
| 80% AMI | $54,800 | $62,650 | $70,500 | $78,300 | $84,550 | $90,850 |