HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Daviess County, Indiana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Daviess County is $1,003 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$1,003
FY 2026, utilities included
Payment standard range
$903 to $1,103
90% to 110% of FMR
Income to afford 2BR
$40,120
per year, at 30% of income
Rank in Indiana
49th of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Daviess moves to $1,090. That's up 9%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Daviess actually rent for?
Search any address in Daviess for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $719 | $647 to $791 | $28,760 | $13.83/hr | -1.9% |
| 1 bedroom | $764 | $688 to $840 | $30,560 | $14.69/hr | +3.5% |
| 2 bedroom | $1,003 | $903 to $1,103 | $40,120 | $19.29/hr | +5.0% |
| 3 bedroom | $1,243 | $1,119 to $1,367 | $49,720 | $23.90/hr | +6.7% |
| 4 bedroom | $1,328 | $1,195 to $1,461 | $53,120 | $25.54/hr | +4.9% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,527 | $1,374 to $1,680 |
| 6 bedroom Estimate | $1,726 | $1,553 to $1,899 |
| 7 bedroom Estimate | $1,926 | $1,733 to $2,119 |
| 8 bedroom Estimate | $2,125 | $1,913 to $2,338 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Daviess, that runs from $719 for a studio up to $1,328 for four bedrooms, all five rates in the table above.
Because Daviess sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Washington included.
Among Indiana's 92 counties, Daviess ranks 49th for two-bedroom FMR. That's within a couple percent of the state median of $1,009 and within a couple percent of the national median county at $1,018. About 33,337 people live here, 48th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 47529 (Elnora) and $1,290 in 47519 (Cannelburg), with the 6 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Daviess somewhere between $903 and $1,103. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,003 a month is affordable, by HUD's 30% rule, on an income of roughly $40,120 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($903) | HAP at 100% ($1,003) | HAP at 110% ($1,103) |
|---|---|---|---|---|
| $2,500 | $750 | $153 | $253 | $353 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($955) to FY 2026 ($1,003). Since FY 2020 it's up 35% in total, about 5.2% a year. The Indiana median moved up 2% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $519 | $563 | $741 | $948 | $1,004 | — |
| FY 2021 | $530 | $575 | $758 | $956 | $1,028 | +2.3% |
| FY 2022 | $532 | $579 | $762 | $961 | $1,033 | +0.5% |
| FY 2023 | $645 | $649 | $854 | $1,073 | $1,147 | +12.1% |
| FY 2024 | $669 | $673 | $878 | $1,088 | $1,169 | +2.8% |
| FY 2025 | $733 | $738 | $955 | $1,165 | $1,266 | +8.8% |
| FY 2026 | $719 | $764 | $1,003 | $1,243 | $1,328 | +5.0% |
| FY 2027 | $815 | $833 | $1,090 | $1,336 | $1,433 | +8.7% |
Nearby counties
Questions people ask
$1,003 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $719 for a studio, $764 for one bedroom, $1,243 for three and $1,328 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Daviess actually go for?
HUD's number is one input. Search any address in Daviess for a rent estimate built from nearby comps. 3 free searches, no card.
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