FY2026 Fair Market Rents — Franklin County
Studio
$771
1BR
$861
2BR
$944
3BR
$1,313
4BR
$1,584
Franklin County, Virginia
FIPS 51067 · County-level FMR and income limit data
FMR Area: Franklin County, VA HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $771 | $9,252 |
| 1-Bedroom | $861 | $10,332 |
| 2-Bedroom | $944 | $11,328 |
| 3-Bedroom | $1,313 | $15,756 |
| 4-Bedroom | $1,584 | $19,008 |
To afford the FY2026 2-bedroom FMR of $944/mo under the 30%-of-income rule, a household needs about
$37,760/yr ($3,147/mo). Area Median Income is $89,500.
At VA's state minimum wage of $12.41/hr, a worker would need to work 59 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $771 | $861 | $944 | $1,313 | $1,584 |
| FY2025 | $691 | $780 | $871 | $1,220 | $1,463 |
| FY2024 | $690 | $772 | $905 | $1,169 | $1,329 |
| FY2023 | $681 | $690 | $908 | $1,105 | $1,242 |
| FY2022 | $576 | $602 | $792 | $979 | $1,087 |
| FY2021 | $575 | $618 | $815 | $1,014 | $1,127 |
| FY2020 | $489 | $544 | $717 | $893 | $1,019 |
FY2026 Income Limits
Area Median Income: $89,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $31,350 | $35,800 | $40,300 | $44,750 | $48,350 | $51,950 |
| 80% AMI | $50,150 | $57,300 | $64,450 | $71,600 | $77,350 | $83,100 |