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

The HUD Fair Market Rent for a 2-bedroom unit in Scott County, IN HUD Metro FMR Area is $850 per month for fiscal year 2021. The studio FMR is $600, 1-bedroom is $645, 3-bedroom is $1,068, and 4-bedroom is $1,153.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $34,000 per year ($2,833 per month) to afford the FY2021 2-bedroom Fair Market Rent of $850 in Scott County, IN HUD Metro FMR Area.

FY2021 Fair Market Rents — Scott County, IN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$600

1BR

$645

2BR

$850

3BR

$1,068

4BR

$1,153

Hours/week at min wage

91 hrs

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

National rank

#369

of 632 U.S. metros (top 59% most expensive)

YoY change (2BR)

+6.4%

+$51 vs FY2020

Voucher payment standard

$765–$935

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

Scott County, IN HUD Metro FMR Area

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

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$600	$7,200
1-Bedroom	$645	$7,740
2-Bedroom	$850	$10,200
3-Bedroom	$1,068	$12,816
4-Bedroom	$1,153	$13,836

Recent 2-Bedroom FMR Trend

FY2017 $726 → FY2021 $850

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$600	$645	$850	$1,068	$1,153
FY2020	$564	$607	$799	$1,025	$1,134
FY2019	$577	$616	$815	$1,054	$1,260
FY2018	$551	$588	$782	$1,047	$1,260
FY2017	$509	$546	$726	$999	$1,211

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $59,900

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$14,050	$17,420	$21,960	$26,500	$31,040	$35,580
50% AMI (Very Low)	$23,400	$26,750	$30,100	$33,400	$36,100	$38,750
80% AMI (Low)	$37,450	$42,800	$48,150	$53,450	$57,750	$62,050

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$10,200/yr

FMR as % of Area Median Income

17% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$34,000/yr

$2,833/mo gross income

FY2021 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	$524	$599	$673	$808	$868
60% AMI Maximum	$628	$718	$808	$970	$1,042

FY2021 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	$600	$645	$850	$973	$973
Low HOME Rent	$585	$668	$752	$835	$902

Compare Scott 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