FY2026 Fair Market Rents — Shelby County
Studio
$756
1BR
$888
2BR
$973
3BR
$1,353
4BR
$1,439
Shelby County, Texas
FIPS 48419 · County-level FMR and income limit data
FMR Area: Shelby County, TX
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $756 | $9,072 |
| 1-Bedroom | $888 | $10,656 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,353 | $16,236 |
| 4-Bedroom | $1,439 | $17,268 |
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 $63,000.
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 | $888 | $973 | $1,353 | $1,439 |
| FY2025 | $732 | $843 | $933 | $1,307 | $1,381 |
| FY2024 | $705 | $806 | $905 | $1,275 | $1,373 |
| FY2023 | $623 | $698 | $826 | $1,174 | $1,299 |
| FY2022 | $560 | $597 | $757 | $1,068 | $1,221 |
| FY2021 | $538 | $557 | $734 | $978 | $1,271 |
| FY2020 | $529 | $542 | $714 | $928 | $1,178 |
FY2026 Income Limits
Area Median Income: $63,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,600 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,300 | $33,500 | $37,700 | $41,850 | $45,200 | $48,550 |
| 80% AMI | $46,900 | $53,600 | $60,300 | $66,950 | $72,350 | $77,700 |