HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Noble County, Indiana (FY 2026)
$967 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Noble County, and it's the baseline every voucher in Noble is measured against.
2 bedroom FMR
$967
FY 2026, utilities included
Payment standard range
$870 to $1,064
90% to 110% of FMR
Income to afford 2BR
$38,680
per year, at 30% of income
Rank in Indiana
57th of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Noble moves to $1,023. That's up 6%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Noble actually rent for?
Search any address in Noble 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 | $682 | $614 to $750 | $27,280 | $13.12/hr | +4.3% |
| 1 bedroom | $737 | $663 to $811 | $29,480 | $14.17/hr | +1.5% |
| 2 bedroom | $967 | $870 to $1,064 | $38,680 | $18.60/hr | +1.6% |
| 3 bedroom | $1,159 | $1,043 to $1,275 | $46,360 | $22.29/hr | +0.8% |
| 4 bedroom | $1,622 | $1,460 to $1,784 | $64,880 | $31.19/hr | +1.4% |
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 | $1,865 | $1,679 to $2,052 |
| 6 bedroom Estimate | $2,109 | $1,898 to $2,320 |
| 7 bedroom Estimate | $2,352 | $2,117 to $2,587 |
| 8 bedroom Estimate | $2,595 | $2,336 to $2,855 |
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 Noble, that runs from $682 for a studio up to $1,622 for four bedrooms, all five rates in the table above.
Because Noble 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, Albion included.
Among Indiana's 92 counties, Noble ranks 57th 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 47,431 people live here, 30th 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 46710 (Avilla) and $1,120 in 46732 (Cromwell), with the 10 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 Noble somewhere between $870 and $1,064. 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.
$967 a month is affordable, by HUD's 30% rule, on an income of roughly $38,680 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% ($870) | HAP at 100% ($967) | HAP at 110% ($1,064) |
|---|---|---|---|---|
| $2,500 | $750 | $120 | $217 | $314 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($952) to FY 2026 ($967). 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 | $500 | $589 | $714 | $946 | $1,152 | — |
| FY 2021 | $537 | $605 | $768 | $993 | $1,203 | +7.6% |
| FY 2022 | $513 | $589 | $772 | $988 | $1,190 | +0.5% |
| FY 2023 | $573 | $651 | $857 | $1,056 | $1,267 | +11.0% |
| FY 2024 | $594 | $667 | $877 | $1,077 | $1,397 | +2.3% |
| FY 2025 | $654 | $726 | $952 | $1,150 | $1,599 | +8.6% |
| FY 2026 | $682 | $737 | $967 | $1,159 | $1,622 | +1.6% |
| FY 2027 | $765 | $782 | $1,023 | $1,219 | $1,710 | +5.8% |
Nearby counties
LaGrange County
$97716 mi · pop 40,364
Whitley County
$1,11317 mi · pop 34,259
DeKalb County
$96021 mi · pop 43,312
Kosciusko County
$1,14225 mi · pop 80,442
Steuben County
$1,03626 mi · pop 34,507
Allen County
$1,11327 mi · pop 385,456
Elkhart County
$1,18328 mi · pop 206,841
Huntington County
$95637 mi · pop 36,699
Questions people ask
$967 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $682 for a studio, $737 for one bedroom, $1,159 for three and $1,622 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 Noble actually go for?
HUD's number is one input. Search any address in Noble for a rent estimate built from nearby comps. 3 free searches, no card.
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