FY2026 Fair Market Rents — Owen County
Studio
$770
1BR
$798
2BR
$956
3BR
$1,155
4BR
$1,509
Owen County, Indiana
FIPS 18119 · County-level FMR and income limit data
FMR Area: Owen County, IN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $770 | $9,240 |
| 1-Bedroom | $798 | $9,576 |
| 2-Bedroom | $956 | $11,472 |
| 3-Bedroom | $1,155 | $13,860 |
| 4-Bedroom | $1,509 | $18,108 |
To afford the FY2026 2-bedroom FMR of $956/mo under the 30%-of-income rule, a household needs about
$38,240/yr ($3,187/mo). Area Median Income is $84,000.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 102 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $770 | $798 | $956 | $1,155 | $1,509 |
| FY2025 | $722 | $727 | $954 | $1,185 | $1,583 |
| FY2024 | $683 | $684 | $899 | $1,146 | $1,488 |
| FY2023 | $644 | $671 | $876 | $1,205 | $1,492 |
| FY2022 | $578 | $582 | $757 | $1,075 | $1,296 |
| FY2021 | $578 | $581 | $732 | $1,041 | $1,267 |
| FY2020 | $566 | $569 | $714 | $985 | $1,254 |
FY2026 Income Limits
Area Median Income: $84,000
| 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 |