FY2026 Fair Market Rents — Franklin County, IN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio
$796
1BR
$861
2BR
$1,117
3BR
$1,473
4BR
$1,479
Hours/week at min wage
119 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
National rank
#438
of 661 U.S. metros (top 67% most expensive)
YoY change (2BR)
+6.2%
+$65 vs FY2025
Voucher payment standard
$1,005–$1,229
PHAs set HCV payment at 90–110% of the 2BR FMR

Franklin County, IN HUD Metro FMR Area

Metropolitan area · IN · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size Monthly FMR Annual Equivalent
Efficiency (Studio) $796 $9,552
1-Bedroom $861 $10,332
2-Bedroom $1,117 $13,404
3-Bedroom $1,473 $17,676
4-Bedroom $1,479 $17,748

Recent 2-Bedroom FMR Trend

FY2022 $812 → FY2026 $1,117
Fiscal Year Studio 1BR 2BR 3BR 4BR
FY2026 $796 $861 $1,117 $1,473 $1,479
FY2025 $727 $802 $1,052 $1,389 $1,395
FY2024 $636 $715 $939 $1,292 $1,330
FY2023 $623 $707 $930 $1,261 $1,402
FY2022 $539 $617 $812 $1,070 $1,241

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $97,400

AMI Level 1p 2p 3p 4p 5p 6p
30% AMI (Extremely Low) $20,450 $23,400 $27,320 $33,000 $38,680 $44,360
50% AMI (Very Low) $34,100 $39,000 $43,850 $48,700 $52,600 $56,500
80% AMI (Low) $54,550 $62,350 $70,150 $77,900 $84,150 $90,400

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR
$13,404/yr
FMR as % of Area Median Income
13.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,680/yr
$3,723/mo gross income

FY2026 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band Studio 1BR 2BR 3BR 4BR
50% AMI Maximum $852 $974 $1,095 $1,314 $1,412
60% AMI Maximum $1,022 $1,168 $1,314 $1,577 $1,694

FY2026 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type Studio 1BR 2BR 3BR 4BR
High HOME Rent $796 $861 $1,117 $1,473 $1,479
Low HOME Rent $852 $975 $1,096 $1,217 $1,315

Compare Franklin County, IN HUD Metro FMR Area With Other IN Metros

vs. Anderson, IN HUD Metro FMR Area vs. Bloomington, IN HUD Metro FMR Area vs. Carroll County, IN HUD Metro FMR Area vs. Cincinnati, OH-KY-IN HUD Metro FMR Area vs. Columbus, IN MSA

Counties in This FMR Area

Franklin County

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