FY2026 Fair Market Rents — Parke County
Studio
$691
1BR
$735
2BR
$964
3BR
$1,272
4BR
$1,276
Parke County, Indiana
FIPS 18121 · County-level FMR and income limit data
FMR Area: Parke County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $691 | $8,292 |
| 1-Bedroom | $735 | $8,820 |
| 2-Bedroom | $964 | $11,568 |
| 3-Bedroom | $1,272 | $15,264 |
| 4-Bedroom | $1,276 | $15,312 |
To afford the FY2026 2-bedroom FMR of $964/mo under the 30%-of-income rule, a household needs about
$38,560/yr ($3,213/mo). Area Median Income is $78,000.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 103 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $691 | $735 | $964 | $1,272 | $1,276 |
| FY2025 | $751 | $756 | $992 | $1,310 | $1,315 |
| FY2024 | $745 | $752 | $988 | $1,311 | $1,316 |
| FY2023 | $641 | $660 | $869 | $1,079 | $1,167 |
| FY2022 | $552 | $583 | $767 | $948 | $1,040 |
| FY2021 | $542 | $588 | $775 | $964 | $1,058 |
| FY2020 | $525 | $569 | $750 | $935 | $1,069 |
FY2026 Income Limits
Area Median Income: $78,000
| 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 |