FY2026 Fair Market Rents — Michigan City-La Porte, IN MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$874
1BR
$953
2BR
$1,152
3BR
$1,454
4BR
$1,680
Hours/week at min wage
123 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
National rank
#412
of 661 U.S. metros (top 63% most expensive)
YoY change (2BR)
+11.2%
+$116 vs FY2025 · 5-yr +50.4%
Voucher payment standard
$1,037–$1,267
PHAs set HCV payment at 90–110% of the 2BR FMR
Michigan City-La Porte, IN MSA
Metropolitan area · IN · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $874 | $10,488 |
| 1-Bedroom | $953 | $11,436 |
| 2-Bedroom | $1,152 | $13,824 |
| 3-Bedroom | $1,454 | $17,448 |
| 4-Bedroom | $1,680 | $20,160 |
Recent 2-Bedroom FMR Trend
FY2020 $784 → FY2026 $1,152
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $874 | $953 | $1,152 | $1,454 | $1,680 |
| FY2025 | $711 | $857 | $1,036 | $1,311 | $1,515 |
| FY2024 | $689 | $823 | $1,016 | $1,299 | $1,461 |
| FY2023 | $626 | $754 | $936 | $1,214 | $1,346 |
| FY2022 | $535 | $629 | $794 | $1,047 | $1,139 |
| FY2021 | $505 | $602 | $766 | $1,015 | $1,055 |
| FY2020 | $511 | $607 | $784 | $1,018 | $1,062 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $89,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $18,800 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,300 | $35,750 | $40,200 | $44,650 | $48,250 | $51,800 |
| 80% AMI (Low) | $50,050 | $57,200 | $64,350 | $71,450 | $77,200 | $82,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$13,824/yr
FMR as % of Area Median Income
15.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$46,080/yr
$3,840/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 | $781 | $893 | $1,004 | $1,205 | $1,294 |
| 60% AMI Maximum | $937 | $1,071 | $1,205 | $1,446 | $1,553 |
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 | $874 | $953 | $1,152 | $1,451 | $1,451 |
| Low HOME Rent | $782 | $893 | $1,005 | $1,116 | $1,206 |
Compare Michigan City-La Porte, 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