FY2026 Fair Market Rents — Martin County, IN
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$685
1BR
$729
2BR
$956
3BR
$1,146
4BR
$1,287
Hours/week at min wage
102 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+3%
+$28 vs FY2025 · 5-yr +30.6%
Voucher payment standard
$860–$1,052
PHAs set HCV payment at 90–110% of the 2BR FMR
Martin County, IN
Non-Metropolitan area · IN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $685 | $8,220 |
| 1-Bedroom | $729 | $8,748 |
| 2-Bedroom | $956 | $11,472 |
| 3-Bedroom | $1,146 | $13,752 |
| 4-Bedroom | $1,287 | $15,444 |
Recent 2-Bedroom FMR Trend
FY2020 $714 → FY2026 $956
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $685 | $729 | $956 | $1,146 | $1,287 |
| FY2025 | $652 | $707 | $928 | $1,118 | $1,260 |
| FY2024 | $600 | $657 | $863 | $1,043 | $1,267 |
| FY2023 | $576 | $628 | $826 | $1,005 | $1,407 |
| FY2022 | $515 | $561 | $738 | $912 | $1,263 |
| FY2021 | $512 | $565 | $732 | $910 | $1,267 |
| FY2020 | $500 | $574 | $714 | $939 | $1,254 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $93,700
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,700 | $22,500 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $32,800 | $37,500 | $42,200 | $46,850 | $50,600 | $54,350 |
| 80% AMI (Low) | $52,500 | $60,000 | $67,500 | $74,950 | $80,950 | $86,950 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,472/yr
FMR as % of Area Median Income
12.2% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$38,240/yr
$3,187/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 | $819 | $937 | $1,054 | $1,264 | $1,358 |
| 60% AMI Maximum | $983 | $1,124 | $1,264 | $1,517 | $1,630 |
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 | $685 | $729 | $956 | $1,146 | $1,287 |
| Low HOME Rent | $820 | $937 | $1,055 | $1,171 | $1,265 |
Compare Martin County, IN With Other IN Metros
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