What is the Fair Market Rent for a 2-bedroom in South Bend-Mishawaka, IN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in South Bend-Mishawaka, IN HUD Metro FMR Area is $1,292 per month for fiscal year 2026. The studio FMR is $898, 1-bedroom is $1,105, 3-bedroom is $1,567, and 4-bedroom is $1,711.

What income do you need to afford the FMR in South Bend-Mishawaka, IN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $51,680 per year ($4,307 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,292 in South Bend-Mishawaka, IN HUD Metro FMR Area.

FY2026 Fair Market Rents — South Bend-Mishawaka, IN HUD Metro FMR Area

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

Studio

$898

1BR

$1,105

2BR

$1,292

3BR

$1,567

4BR

$1,711

Hours/week at min wage

138 hrs

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

National rank

#291

of 661 U.S. metros (top 45% most expensive)

YoY change (2BR)

+18%

+$197 vs FY2025 · 5-yr +51.8%

Voucher payment standard

$1,163–$1,421

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

South Bend-Mishawaka, 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)	$898	$10,776
1-Bedroom	$1,105	$13,260
2-Bedroom	$1,292	$15,504
3-Bedroom	$1,567	$18,804
4-Bedroom	$1,711	$20,532

Recent 2-Bedroom FMR Trend

FY2020 $840 → FY2026 $1,292

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$898	$1,105	$1,292	$1,567	$1,711
FY2025	$751	$936	$1,095	$1,350	$1,452
FY2024	$689	$862	$1,017	$1,267	$1,354
FY2023	$755	$923	$1,099	$1,397	$1,476
FY2022	$708	$823	$981	$1,252	$1,330
FY2021	$616	$706	$851	$1,100	$1,154
FY2020	$598	$687	$840	$1,082	$1,138

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $88,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$18,550	$21,640	$27,320	$33,000	$38,680	$44,360
50% AMI (Very Low)	$30,850	$35,250	$39,650	$44,050	$47,600	$51,100
80% AMI (Low)	$49,350	$56,400	$63,450	$70,500	$76,150	$81,800

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$15,504/yr

FMR as % of Area Median Income

17.6% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$51,680/yr

$4,307/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	$770	$881	$991	$1,189	$1,277
60% AMI Maximum	$925	$1,057	$1,189	$1,427	$1,532

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	$898	$1,105	$1,292	$1,431	$1,431
Low HOME Rent	$771	$881	$991	$1,101	$1,190

Compare South Bend-Mishawaka, 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

Counties in This FMR Area

St. Joseph County