FY2026 Fair Market Rents — Elk County
Studio
$708
1BR
$825
2BR
$973
3BR
$1,283
4BR
$1,288
Elk County, Pennsylvania
FIPS 42047 · County-level FMR and income limit data
FMR Area: Elk County, PA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $708 | $8,496 |
| 1-Bedroom | $825 | $9,900 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,283 | $15,396 |
| 4-Bedroom | $1,288 | $15,456 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $88,600.
At PA's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $708 | $825 | $973 | $1,283 | $1,288 |
| FY2025 | $664 | $800 | $908 | $1,224 | $1,229 |
| FY2024 | $616 | $722 | $845 | $1,133 | $1,200 |
| FY2023 | $549 | $691 | $821 | $1,106 | $1,201 |
| FY2022 | $503 | $604 | $757 | $1,017 | $1,069 |
| FY2021 | $478 | $577 | $724 | $978 | $982 |
| FY2020 | $468 | $565 | $714 | $954 | $967 |
FY2026 Income Limits
Area Median Income: $88,600
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,650 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,050 | $35,450 | $39,900 | $44,300 | $47,850 | $51,400 |
| 80% AMI | $49,650 | $56,750 | $63,850 | $70,900 | $76,600 | $82,250 |