FY2026 Fair Market Rents — Howard County
Studio
$884
1BR
$890
2BR
$1,123
3BR
$1,388
4BR
$1,567
Howard County, Indiana
FIPS 18067 · County-level FMR and income limit data
FMR Area: Kokomo, IN MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $884 | $10,608 |
| 1-Bedroom | $890 | $10,680 |
| 2-Bedroom | $1,123 | $13,476 |
| 3-Bedroom | $1,388 | $16,656 |
| 4-Bedroom | $1,567 | $18,804 |
To afford the FY2026 2-bedroom FMR of $1,123/mo under the 30%-of-income rule, a household needs about
$44,920/yr ($3,743/mo). Area Median Income is $96,200.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 120 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $884 | $890 | $1,123 | $1,388 | $1,567 |
| FY2025 | $807 | $812 | $1,019 | $1,283 | $1,433 |
| FY2024 | $788 | $793 | $980 | $1,299 | $1,428 |
| FY2023 | $682 | $714 | $877 | $1,194 | $1,313 |
| FY2022 | $584 | $596 | $738 | $1,031 | $1,127 |
| FY2021 | $576 | $579 | $732 | $1,019 | $1,121 |
| FY2020 | $569 | $573 | $730 | $1,025 | $1,108 |
FY2026 Income Limits
Area Median Income: $96,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,000 | $22,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,350 | $38,100 | $42,850 | $47,600 | $51,450 | $55,250 |
| 80% AMI | $53,350 | $60,950 | $68,550 | $76,150 | $82,250 | $88,350 |