FY2026 Fair Market Rents — Evansville, IN-KY MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$853
1BR
$860
2BR
$1,113
3BR
$1,370
4BR
$1,539
Hours/week at min wage
119 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
+5.6%
+$59 vs FY2025 · 5-yr +31.7%
Voucher payment standard
$1,002–$1,224
PHAs set HCV payment at 90–110% of the 2BR FMR
Evansville, IN-KY MSA
Non-Metropolitan area · IN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $853 | $10,236 |
| 1-Bedroom | $860 | $10,320 |
| 2-Bedroom | $1,113 | $13,356 |
| 3-Bedroom | $1,370 | $16,440 |
| 4-Bedroom | $1,539 | $18,468 |
Recent 2-Bedroom FMR Trend
FY2020 $793 → FY2026 $1,113
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $853 | $860 | $1,113 | $1,370 | $1,539 |
| FY2025 | $780 | $821 | $1,054 | $1,300 | $1,473 |
| FY2024 | $766 | $850 | $1,070 | $1,360 | $1,558 |
| FY2023 | $691 | $778 | $973 | $1,260 | $1,462 |
| FY2022 | $621 | $706 | $880 | $1,153 | $1,326 |
| FY2021 | $597 | $670 | $845 | $1,107 | $1,222 |
| FY2020 | $565 | $624 | $793 | $1,035 | $1,097 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $93,000
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,550 | $22,350 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $32,550 | $37,200 | $41,850 | $46,500 | $50,250 | $53,950 |
| 80% AMI (Low) | $52,100 | $59,550 | $67,000 | $74,400 | $80,400 | $86,350 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,356/yr
FMR as % of Area Median Income
14.4% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$44,520/yr
$3,710/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 | $813 | $930 | $1,046 | $1,255 | $1,348 |
| 60% AMI Maximum | $976 | $1,116 | $1,255 | $1,506 | $1,618 |
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 | $853 | $860 | $1,113 | $1,370 | $1,511 |
| Low HOME Rent | $813 | $930 | $1,046 | $1,162 | $1,256 |
Compare Evansville, IN-KY 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