What is the Fair Market Rent for a 2-bedroom in Union County, IN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Union County, IN HUD Metro FMR Area is $1,026 per month for fiscal year 2025. The studio FMR is $709, 1-bedroom is $782, 3-bedroom is $1,344, and 4-bedroom is $1,641.

What income do you need to afford the FMR in Union County, IN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $41,040 per year ($3,420 per month) to afford the FY2025 2-bedroom Fair Market Rent of $1,026 in Union County, IN HUD Metro FMR Area.

FY2025 Fair Market Rents — Union County, IN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$709

1BR

$782

2BR

$1,026

3BR

$1,344

4BR

$1,641

Hours/week at min wage

109 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#480

of 639 U.S. metros (top 76% most expensive)

YoY change (2BR)

+10.8%

+$100 vs FY2024 · 5-yr +43.7%

Voucher payment standard

$923–$1,129

PHAs set HCV payment at 90–110% of the 2BR FMR

Union County, IN HUD Metro FMR Area

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

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$709	$8,508
1-Bedroom	$782	$9,384
2-Bedroom	$1,026	$12,312
3-Bedroom	$1,344	$16,128
4-Bedroom	$1,641	$19,692

Recent 2-Bedroom FMR Trend

FY2019 $734 → FY2025 $1,026

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$709	$782	$1,026	$1,344	$1,641
FY2024	$628	$714	$926	$1,245	$1,494
FY2023	$609	$699	$909	$1,213	$1,401
FY2022	$524	$606	$788	$1,045	$1,181
FY2021	$495	$571	$747	$958	$1,057
FY2020	$471	$542	$714	$894	$1,006
FY2019	$487	$588	$734	$920	$1,023

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $95,000

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,200	$20,800	$25,820	$31,200	$36,580	$41,960
50% AMI (Very Low)	$30,350	$34,700	$39,050	$43,350	$46,850	$50,300
80% AMI (Low)	$48,550	$55,500	$62,450	$69,350	$74,900	$80,450

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$12,312/yr

FMR as % of Area Median Income

13% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$41,040/yr

$3,420/mo gross income

FY2024 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	$831	$950	$1,068	$1,282	$1,377
60% AMI Maximum	$997	$1,140	$1,282	$1,539	$1,653

FY2024 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	$628	$714	$926	$1,245	$1,494
Low HOME Rent	$758	$867	$976	$1,083	$1,171

Compare Union 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