FY2026 Fair Market Rents — Caroline County
Studio
$859
1BR
$1,021
2BR
$1,246
3BR
$1,733
4BR
$2,090
Caroline County, Virginia
FIPS 51033 · County-level FMR and income limit data
FMR Area: Richmond, VA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $859 | $10,308 |
| 1-Bedroom | $1,021 | $12,252 |
| 2-Bedroom | $1,246 | $14,952 |
| 3-Bedroom | $1,733 | $20,796 |
| 4-Bedroom | $2,090 | $25,080 |
To afford the FY2026 2-bedroom FMR of $1,246/mo under the 30%-of-income rule, a household needs about
$49,840/yr ($4,153/mo). Area Median Income is $102,900.
At VA's state minimum wage of $12.41/hr, a worker would need to work 78 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $859 | $1,021 | $1,246 | $1,733 | $2,090 |
| FY2025 | $901 | $906 | $1,119 | $1,568 | $1,859 |
| FY2024 | $946 | $952 | $1,181 | $1,664 | $1,946 |
| FY2023 | $805 | $847 | $1,056 | $1,501 | $1,664 |
| FY2022 | $894 | $918 | $1,047 | $1,385 | $1,656 |
| FY2021 | $993 | $1,020 | $1,163 | $1,538 | $1,840 |
| FY2020 | $899 | $932 | $1,061 | $1,410 | $1,686 |
FY2026 Income Limits
Area Median Income: $102,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,600 | $24,700 | $27,800 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,050 | $41,200 | $46,350 | $51,450 | $55,600 | $59,700 |
| 80% AMI | $57,650 | $65,850 | $74,100 | $82,300 | $88,900 | $95,500 |