HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Jefferson County, Indiana (FY 2026)
$971 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Jefferson County, and it's the baseline every voucher in Jefferson is measured against.
2 bedroom FMR
$971
FY 2026, utilities included
Payment standard range
$874 to $1,068
90% to 110% of FMR
Income to afford 2BR
$38,840
per year, at 30% of income
Rank in Indiana
56th of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Jefferson moves to $1,041. That's up 7%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Jefferson actually rent for?
Search any address in Jefferson 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 | $669 | $602 to $736 | $26,760 | $12.87/hr | +4.9% |
| 1 bedroom | $818 | $736 to $900 | $32,720 | $15.73/hr | +2.5% |
| 2 bedroom | $971 | $874 to $1,068 | $38,840 | $18.67/hr | +4.3% |
| 3 bedroom | $1,201 | $1,081 to $1,321 | $48,040 | $23.10/hr | +2.6% |
| 4 bedroom | $1,524 | $1,372 to $1,676 | $60,960 | $29.31/hr | -2.5% |
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 | $1,753 | $1,578 to $1,928 |
| 6 bedroom Estimate | $1,981 | $1,783 to $2,179 |
| 7 bedroom Estimate | $2,210 | $1,989 to $2,431 |
| 8 bedroom Estimate | $2,438 | $2,194 to $2,682 |
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 Jefferson, that runs from $669 for a studio up to $1,524 for four bedrooms, all five rates in the table above.
Because Jefferson 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, Canaan included.
Among Indiana's 92 counties, Jefferson ranks 56th for two-bedroom FMR. That's about 4% below the state median of $1,009 and about 5% below the national median county at $1,018. About 33,057 people live here, 49th 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 47224 (Canaan) and $1,080 in 47231 (Dupont), with the 5 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 Jefferson somewhere between $874 and $1,068. 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.
$971 a month is affordable, by HUD's 30% rule, on an income of roughly $38,840 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% ($874) | HAP at 100% ($971) | HAP at 110% ($1,068) |
|---|---|---|---|---|
| $2,500 | $750 | $124 | $221 | $318 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 4% from FY 2025 ($931) to FY 2026 ($971). Since FY 2020 it's up 29% in total, about 4.3% 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 | $597 | $601 | $754 | $1,029 | $1,101 | — |
| FY 2021 | $609 | $613 | $767 | $1,049 | $1,150 | +1.7% |
| FY 2022 | $616 | $620 | $752 | $1,023 | $1,242 | -2.0% |
| FY 2023 | $696 | $701 | $844 | $1,119 | $1,438 | +12.2% |
| FY 2024 | $643 | $740 | $865 | $1,099 | $1,468 | +2.5% |
| FY 2025 | $638 | $798 | $931 | $1,170 | $1,563 | +7.6% |
| FY 2026 | $669 | $818 | $971 | $1,201 | $1,524 | +4.3% |
| FY 2027 | $752 | $862 | $1,041 | $1,313 | $1,636 | +7.2% |
Nearby counties
Questions people ask
$971 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $669 for a studio, $818 for one bedroom, $1,201 for three and $1,524 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 Jefferson actually go for?
HUD's number is one input. Search any address in Jefferson for a rent estimate built from nearby comps. 3 free searches, no card.
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