FY2026 Fair Market Rents — Bailey County
Studio
$756
1BR
$778
2BR
$973
3BR
$1,266
4BR
$1,432
Bailey County, Texas
FIPS 48017 · County-level FMR and income limit data
FMR Area: Bailey County, TX
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $756 | $9,072 |
| 1-Bedroom | $778 | $9,336 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,266 | $15,192 |
| 4-Bedroom | $1,432 | $17,184 |
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 $86,000.
At TX'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 | $756 | $778 | $973 | $1,266 | $1,432 |
| FY2025 | $732 | $752 | $933 | $1,217 | $1,395 |
| FY2024 | $727 | $752 | $934 | $1,225 | $1,388 |
| FY2023 | $623 | $658 | $826 | $1,005 | $1,215 |
| FY2022 | $560 | $600 | $757 | $996 | $1,105 |
| FY2021 | $538 | $582 | $734 | $1,050 | $1,085 |
| FY2020 | $529 | $627 | $714 | $1,030 | $1,074 |
FY2026 Income Limits
Area Median Income: $86,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,100 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,100 | $34,400 | $38,700 | $43,000 | $46,450 | $49,900 |
| 80% AMI | $48,200 | $55,050 | $61,950 | $68,800 | $74,350 | $79,850 |