FY2026 Fair Market Rents — Carroll County
Studio
$709
1BR
$742
2BR
$973
3BR
$1,219
4BR
$1,328
Carroll County, Indiana
FIPS 18015 · County-level FMR and income limit data
FMR Area: Carroll County, IN HUD Metro FMR Area
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 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $87,500.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $87,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,400 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,650 | $35,000 | $39,400 | $43,750 | $47,250 | $50,750 |
| 80% AMI | $49,000 | $56,000 | $63,000 | $70,000 | $75,600 | $81,200 |