FY2026 Fair Market Rents — Otsego County
Studio
$847
1BR
$965
2BR
$1,228
3BR
$1,472
4BR
$1,626
Otsego County, New York
FIPS 36077 · County-level FMR and income limit data
FMR Area: Otsego County, NY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $847 | $10,164 |
| 1-Bedroom | $965 | $11,580 |
| 2-Bedroom | $1,228 | $14,736 |
| 3-Bedroom | $1,472 | $17,664 |
| 4-Bedroom | $1,626 | $19,512 |
To afford the FY2026 2-bedroom FMR of $1,228/mo under the 30%-of-income rule, a household needs about
$49,120/yr ($4,093/mo). Area Median Income is $90,900.
At NY's state minimum wage of $16.50/hr, a worker would need to work 58 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $847 | $965 | $1,228 | $1,472 | $1,626 |
| FY2025 | $812 | $957 | $1,184 | $1,426 | $1,570 |
| FY2024 | $719 | $879 | $1,061 | $1,304 | $1,413 |
| FY2023 | $720 | $827 | $990 | $1,254 | $1,381 |
| FY2022 | $723 | $734 | $892 | $1,151 | $1,307 |
| FY2021 | $732 | $737 | $916 | $1,182 | $1,425 |
| FY2020 | $692 | $696 | $873 | $1,095 | $1,404 |
FY2026 Income Limits
Area Median Income: $90,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,100 | $21,800 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,850 | $36,400 | $40,950 | $45,450 | $49,100 | $52,750 |
| 80% AMI | $50,900 | $58,200 | $65,450 | $72,700 | $78,550 | $84,350 |