FY2026 Fair Market Rents — Smith County
Studio
$984
1BR
$1,089
2BR
$1,338
3BR
$1,793
4BR
$1,981
Smith County, Texas
FIPS 48423 · County-level FMR and income limit data
FMR Area: Tyler, TX MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $984 | $11,808 |
| 1-Bedroom | $1,089 | $13,068 |
| 2-Bedroom | $1,338 | $16,056 |
| 3-Bedroom | $1,793 | $21,516 |
| 4-Bedroom | $1,981 | $23,772 |
To afford the FY2026 2-bedroom FMR of $1,338/mo under the 30%-of-income rule, a household needs about
$53,520/yr ($4,460/mo). Area Median Income is $97,300.
At TX's federal minimum wage of $7.25/hr, a worker would need to work 142 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $984 | $1,089 | $1,338 | $1,793 | $1,981 |
| FY2025 | $995 | $1,084 | $1,333 | $1,776 | $2,011 |
| FY2024 | $966 | $1,009 | $1,235 | $1,621 | $1,912 |
| FY2023 | $923 | $927 | $1,133 | $1,460 | $1,787 |
| FY2022 | $852 | $857 | $1,037 | $1,308 | $1,669 |
| FY2021 | $897 | $899 | $1,085 | $1,363 | $1,774 |
| FY2020 | $762 | $765 | $923 | $1,175 | $1,512 |
FY2026 Income Limits
Area Median Income: $97,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,450 | $23,400 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,100 | $38,950 | $43,800 | $48,650 | $52,550 | $56,450 |
| 80% AMI | $54,500 | $62,300 | $70,100 | $77,850 | $84,100 | $90,350 |