FY2026 Fair Market Rents — Franklin County
Studio
$1,122
1BR
$1,268
2BR
$1,538
3BR
$2,071
4BR
$2,385
Franklin County, Washington
FIPS 53021 · County-level FMR and income limit data
FMR Area: Kennewick-Richland, WA MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,122 | $13,464 |
| 1-Bedroom | $1,268 | $15,216 |
| 2-Bedroom | $1,538 | $18,456 |
| 3-Bedroom | $2,071 | $24,852 |
| 4-Bedroom | $2,385 | $28,620 |
To afford the FY2026 2-bedroom FMR of $1,538/mo under the 30%-of-income rule, a household needs about
$61,520/yr ($5,127/mo). Area Median Income is $105,400.
At WA's state minimum wage of $16.66/hr, a worker would need to work 72 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,122 | $1,268 | $1,538 | $2,071 | $2,385 |
| FY2025 | $1,101 | $1,236 | $1,503 | $2,003 | $2,318 |
| FY2024 | $1,052 | $1,206 | $1,485 | $1,960 | $2,361 |
| FY2023 | $811 | $955 | $1,187 | $1,571 | $1,950 |
| FY2022 | $704 | $855 | $1,060 | $1,423 | $1,792 |
| FY2021 | $678 | $824 | $1,019 | $1,378 | $1,721 |
| FY2020 | $720 | $883 | $1,089 | $1,477 | $1,857 |
FY2026 Income Limits
Area Median Income: $105,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $22,150 | $25,300 | $28,450 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $36,900 | $42,200 | $47,450 | $52,700 | $56,950 | $61,150 |
| 80% AMI | $59,050 | $67,450 | $75,900 | $84,300 | $91,050 | $97,800 |