FY2026 Fair Market Rents — Clay County
Studio
$859
1BR
$864
2BR
$1,094
3BR
$1,312
4BR
$1,535
Clay County, Indiana
FIPS 18021 · County-level FMR and income limit data
FMR Area: Terre Haute, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $859 | $10,308 |
| 1-Bedroom | $864 | $10,368 |
| 2-Bedroom | $1,094 | $13,128 |
| 3-Bedroom | $1,312 | $15,744 |
| 4-Bedroom | $1,535 | $18,420 |
To afford the FY2026 2-bedroom FMR of $1,094/mo under the 30%-of-income rule, a household needs about
$43,760/yr ($3,647/mo). Area Median Income is $71,400.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 117 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $859 | $864 | $1,094 | $1,312 | $1,535 |
| FY2025 | $783 | $788 | $995 | $1,199 | $1,393 |
| FY2024 | $741 | $766 | $964 | $1,166 | $1,398 |
| FY2023 | $647 | $684 | $860 | $1,047 | $1,294 |
| FY2022 | $565 | $629 | $782 | $976 | $1,232 |
| FY2021 | $546 | $636 | $795 | $1,010 | $1,229 |
| FY2020 | $513 | $625 | $788 | $1,008 | $1,183 |
FY2026 Income Limits
Area Median Income: $71,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,700 | $33,950 | $38,200 | $42,400 | $45,800 | $49,200 |
| 80% AMI | $47,500 | $54,300 | $61,100 | $67,850 | $73,300 | $78,750 |