FY2026 Fair Market Rents — Newton County
Studio
$959
1BR
$1,082
2BR
$1,317
3BR
$1,612
4BR
$1,744
Newton County, Indiana
FIPS 18111 · County-level FMR and income limit data
FMR Area: Gary, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $959 | $11,508 |
| 1-Bedroom | $1,082 | $12,984 |
| 2-Bedroom | $1,317 | $15,804 |
| 3-Bedroom | $1,612 | $19,344 |
| 4-Bedroom | $1,744 | $20,928 |
To afford the FY2026 2-bedroom FMR of $1,317/mo under the 30%-of-income rule, a household needs about
$52,680/yr ($4,390/mo). Area Median Income is $100,900.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 140 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $959 | $1,082 | $1,317 | $1,612 | $1,744 |
| FY2025 | $860 | $985 | $1,197 | $1,475 | $1,587 |
| FY2024 | $869 | $1,027 | $1,254 | $1,539 | $1,672 |
| FY2023 | $677 | $815 | $1,000 | $1,227 | $1,361 |
| FY2022 | $637 | $779 | $959 | $1,185 | $1,338 |
| FY2021 | $609 | $749 | $923 | $1,148 | $1,301 |
| FY2020 | $597 | $746 | $917 | $1,143 | $1,292 |
FY2026 Income Limits
Area Median Income: $100,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $21,200 | $24,200 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $35,350 | $40,400 | $45,450 | $50,450 | $54,500 | $58,550 |
| 80% AMI | $56,500 | $64,600 | $72,650 | $80,700 | $87,200 | $93,650 |