FY2026 Fair Market Rents — Madison County
Studio
$898
1BR
$919
2BR
$1,206
3BR
$1,594
4BR
$1,597
Madison County, Indiana
FIPS 18095 · County-level FMR and income limit data
FMR Area: Anderson, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $898 | $10,776 |
| 1-Bedroom | $919 | $11,028 |
| 2-Bedroom | $1,206 | $14,472 |
| 3-Bedroom | $1,594 | $19,128 |
| 4-Bedroom | $1,597 | $19,164 |
To afford the FY2026 2-bedroom FMR of $1,206/mo under the 30%-of-income rule, a household needs about
$48,240/yr ($4,020/mo). Area Median Income is $83,400.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 128 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $898 | $919 | $1,206 | $1,594 | $1,597 |
| FY2025 | $759 | $803 | $1,054 | $1,379 | $1,397 |
| FY2024 | $793 | $868 | $1,140 | $1,468 | $1,518 |
| FY2023 | $638 | $696 | $908 | $1,160 | $1,220 |
| FY2022 | $559 | $613 | $796 | $1,017 | $1,079 |
| FY2021 | $558 | $619 | $804 | $1,038 | $1,104 |
| FY2020 | $543 | $624 | $806 | $1,050 | $1,144 |
FY2026 Income Limits
Area Median Income: $83,400
| 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 |