FY2026 Fair Market Rents — Elkhart-Goshen, IN MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$968
1BR
$992
2BR
$1,183
3BR
$1,553
4BR
$1,581
Hours/week at min wage
126 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+12.1%
+$128 vs FY2025 · 5-yr +43.4%
Voucher payment standard
$1,065–$1,301
PHAs set HCV payment at 90–110% of the 2BR FMR
Elkhart-Goshen, IN MSA
Non-Metropolitan area · IN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $968 | $11,616 |
| 1-Bedroom | $992 | $11,904 |
| 2-Bedroom | $1,183 | $14,196 |
| 3-Bedroom | $1,553 | $18,636 |
| 4-Bedroom | $1,581 | $18,972 |
Recent 2-Bedroom FMR Trend
FY2020 $817 → FY2026 $1,183
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $968 | $992 | $1,183 | $1,553 | $1,581 |
| FY2025 | $853 | $869 | $1,055 | $1,374 | $1,399 |
| FY2024 | $849 | $879 | $1,102 | $1,415 | $1,468 |
| FY2023 | $734 | $770 | $986 | $1,261 | $1,325 |
| FY2022 | $597 | $673 | $865 | $1,107 | $1,173 |
| FY2021 | $545 | $640 | $825 | $1,047 | $1,119 |
| FY2020 | $532 | $630 | $817 | $1,029 | $1,129 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $89,900
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,900 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,500 | $36,000 | $40,500 | $44,950 | $48,550 | $52,150 |
| 80% AMI (Low) | $50,350 | $57,550 | $64,750 | $71,900 | $77,700 | $83,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$14,196/yr
FMR as % of Area Median Income
15.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$47,320/yr
$3,943/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 | $786 | $899 | $1,011 | $1,213 | $1,303 |
| 60% AMI Maximum | $943 | $1,078 | $1,213 | $1,456 | $1,564 |
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 | $968 | $992 | $1,183 | $1,460 | $1,460 |
| Low HOME Rent | $787 | $900 | $1,012 | $1,123 | $1,213 |
Compare Elkhart-Goshen, IN MSA 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