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

The HUD Fair Market Rent for a 2-bedroom unit in Carroll County, IN HUD Metro FMR Area is $973 per month for fiscal year 2026. The studio FMR is $709, 1-bedroom is $742, 3-bedroom is $1,219, and 4-bedroom is $1,328.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $38,920 per year ($3,243 per month) to afford the FY2026 2-bedroom Fair Market Rent of $973 in Carroll County, IN HUD Metro FMR Area.

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

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

Studio

$709

1BR

$742

2BR

$973

3BR

$1,219

4BR

$1,328

Hours/week at min wage

104 hrs

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

National rank

#567

of 661 U.S. metros (top 87% most expensive)

YoY change (2BR)

+4.8%

+$45 vs FY2025 · 5-yr +32.9%

Voucher payment standard

$876–$1,070

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

Carroll 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)	$709	$8,508
1-Bedroom	$742	$8,904
2-Bedroom	$973	$11,676
3-Bedroom	$1,219	$14,628
4-Bedroom	$1,328	$15,936

Recent 2-Bedroom FMR Trend

FY2020 $714 → FY2026 $973

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$709	$742	$973	$1,219	$1,328
FY2025	$696	$709	$928	$1,191	$1,230
FY2024	$655	$657	$863	$1,105	$1,149
FY2023	$651	$655	$862	$1,063	$1,158
FY2022	$603	$610	$802	$991	$1,088
FY2021	$551	$555	$732	$910	$993
FY2020	$532	$542	$714	$890	$967

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $87,500

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,400	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$30,650	$35,000	$39,400	$43,750	$47,250	$50,750
80% AMI (Low)	$49,000	$56,000	$63,000	$70,000	$75,600	$81,200

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$11,676/yr

FMR as % of Area Median Income

13.3% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$38,920/yr

$3,243/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	$765	$875	$984	$1,181	$1,268
60% AMI Maximum	$918	$1,050	$1,181	$1,417	$1,522

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	$709	$742	$973	$1,219	$1,328
Low HOME Rent	$766	$875	$985	$1,093	$1,181

Compare Carroll 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. Cincinnati, OH-KY-IN HUD Metro FMR Area vs. Columbus, IN MSA vs. Elkhart-Goshen, IN MSA

Counties in This FMR Area

Carroll County