FY2026 Fair Market Rents — Ripley County
Studio
$681
1BR
$752
2BR
$987
3BR
$1,302
4BR
$1,307
Ripley County, Indiana
FIPS 18137 · County-level FMR and income limit data
FMR Area: Ripley County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $681 | $8,172 |
| 1-Bedroom | $752 | $9,024 |
| 2-Bedroom | $987 | $11,844 |
| 3-Bedroom | $1,302 | $15,624 |
| 4-Bedroom | $1,307 | $15,684 |
To afford the FY2026 2-bedroom FMR of $987/mo under the 30%-of-income rule, a household needs about
$39,480/yr ($3,290/mo). Area Median Income is $91,200.
At IN's federal minimum wage of $7.25/hr, a worker would need to work 105 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $681 | $752 | $987 | $1,302 | $1,307 |
| FY2025 | $677 | $720 | $944 | $1,323 | $1,335 |
| FY2024 | $617 | $673 | $884 | $1,216 | $1,282 |
| FY2023 | $583 | $642 | $845 | $1,139 | $1,247 |
| FY2022 | $497 | $563 | $741 | $969 | $1,041 |
| FY2021 | $493 | $576 | $732 | $979 | $1,050 |
| FY2020 | $471 | $575 | $714 | $938 | $1,017 |
FY2026 Income Limits
Area Median Income: $91,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,250 | $22,000 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,150 | $36,700 | $41,300 | $45,850 | $49,550 | $53,200 |
| 80% AMI | $51,350 | $58,750 | $66,050 | $73,350 | $79,250 | $85,150 |