FY2026 Fair Market Rents — Indian River County
Studio
$1,214
1BR
$1,222
2BR
$1,604
3BR
$1,956
4BR
$2,691
Indian River County, Florida
FIPS 12061 · County-level FMR and income limit data
FMR Area: Sebastian-Vero Beach, FL MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,214 | $14,568 |
| 1-Bedroom | $1,222 | $14,664 |
| 2-Bedroom | $1,604 | $19,248 |
| 3-Bedroom | $1,956 | $23,472 |
| 4-Bedroom | $2,691 | $32,292 |
To afford the FY2026 2-bedroom FMR of $1,604/mo under the 30%-of-income rule, a household needs about
$64,160/yr ($5,347/mo). Area Median Income is $105,200.
At FL's state minimum wage of $14.00/hr, a worker would need to work 89 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,214 | $1,222 | $1,604 | $1,956 | $2,691 |
| FY2025 | $1,239 | $1,246 | $1,567 | $1,948 | $2,601 |
| FY2024 | $991 | $1,195 | $1,462 | $1,844 | $2,481 |
| FY2023 | $845 | $1,048 | $1,264 | $1,629 | $2,104 |
| FY2022 | $754 | $941 | $1,135 | $1,480 | $1,889 |
| FY2021 | $699 | $881 | $1,059 | $1,430 | $1,673 |
| FY2020 | $663 | $853 | $1,018 | $1,398 | $1,625 |
FY2026 Income Limits
Area Median Income: $105,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,500 | $24,600 | $27,650 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,800 | $40,900 | $46,000 | $51,150 | $55,250 | $59,300 |
| 80% AMI | $57,300 | $65,450 | $73,650 | $81,800 | $88,350 | $94,900 |