FY2026 Fair Market Rents — Spencer County
Studio
$659
1BR
$729
2BR
$956
3BR
$1,330
4BR
$1,382
Spencer County, Indiana
FIPS 18147 · County-level FMR and income limit data
FMR Area: Spencer County, IN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $659 | $7,908 |
| 1-Bedroom | $729 | $8,748 |
| 2-Bedroom | $956 | $11,472 |
| 3-Bedroom | $1,330 | $15,960 |
| 4-Bedroom | $1,382 | $16,584 |
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 $99,400.
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 | $659 | $729 | $956 | $1,330 | $1,382 |
| FY2025 | $636 | $707 | $928 | $1,300 | $1,444 |
| FY2024 | $585 | $657 | $863 | $1,184 | $1,407 |
| FY2023 | $552 | $628 | $826 | $1,098 | $1,358 |
| FY2022 | $490 | $561 | $738 | $962 | $1,211 |
| FY2021 | $483 | $555 | $732 | $969 | $1,196 |
| FY2020 | $465 | $548 | $714 | $972 | $1,121 |
FY2026 Income Limits
Area Median Income: $99,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,900 | $23,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $34,800 | $39,800 | $44,750 | $49,700 | $53,700 | $57,700 |
| 80% AMI | $55,650 | $63,600 | $71,550 | $79,500 | $85,900 | $92,250 |