HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Posey County, Indiana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Posey County is $1,113 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,113
+5.6% from FY 2025
Payment standard
$1,002–$1,224
90% to 110% of the FMR, two-bedroom
Income to afford
$44,520
a year, with rent at 30% of income
Rank in Indiana
31st of 92
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Posey moves to $1,127. That's up 1%. The full FY 2027 table is in the history section below.
FY 2026 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $853 | $768–$938 | $34,120 | $16.40/hr | +9.4% |
| 1 bedroom | $860 | $774–$946 | $34,400 | $16.54/hr | +4.8% |
| 2 bedroom | $1,113 | $1,002–$1,224 | $44,520 | $21.40/hr | +5.6% |
| 3 bedroom | $1,370 | $1,233–$1,507 | $54,800 | $26.35/hr | +5.4% |
| 4 bedroom | $1,539 | $1,385–$1,693 | $61,560 | $29.60/hr | +4.5% |
Five to eight 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 | $1,770 | $1,593–$1,947 |
| 6 bedroom Estimate | $2,001 | $1,801–$2,201 |
| 7 bedroom Estimate | $2,232 | $2,009–$2,455 |
| 8 bedroom Estimate | $2,462 | $2,216–$2,708 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Posey actually rent for?
Search any address in Posey for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Posey somewhere between $1,002 and $1,224. 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.
$1,113 a month is affordable, by HUD's 30% rule, on an income of roughly $44,520 a year. Put another way, $21 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,002 | Voucher pays at 100%$1,113 | Voucher pays at 110%$1,224 |
|---|---|---|---|---|
| $2,500 | $750 | $252 | $363 | $474 |
| $4,000 | $1,200 | $0 | $0 | $24 |
Rate history
The two-bedroom rate went up 6% from FY 2025 ($1,054) to FY 2026 ($1,113). Since FY 2020 it's up 40% in total, about 5.8% a year. The Indiana median moved up 2% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $565 | $624 | $793 | $1,035 | $1,097 | — |
| FY 2021 | $597 | $670 | $845 | $1,107 | $1,222 | +6.6% |
| FY 2022 | $621 | $706 | $880 | $1,153 | $1,326 | +4.1% |
| FY 2023 | $691 | $778 | $973 | $1,260 | $1,462 | +10.6% |
| FY 2024 | $766 | $850 | $1,070 | $1,360 | $1,558 | +10.0% |
| FY 2025 | $780 | $821 | $1,054 | $1,300 | $1,473 | -1.5% |
| FY 2026In effect | $853 | $860 | $1,113 | $1,370 | $1,539 | +5.6% |
| FY 2027From Oct 1, 2026 | $866 | $872 | $1,127 | $1,387 | $1,534 | +1.3% |
About this rate
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 Posey, that runs from $853 for a studio up to $1,539 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Posey in with 2 other counties in the Evansville metro, Vanderburgh County, Warrick County among them, and every one of them gets $1,113 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Indiana's 92 counties, Posey ranks 31st for two-bedroom FMR. That's about 10% above the state median of $1,009 and about 9% above the national median county at $1,018. About 25,226 people live here, 61st 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 47612 (Cynthiana) and $1,050 in 47631 (New Harmony), 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.
Counties sharing the Evansville metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,113 two-bedroom figure as Posey.
Nearby counties
Two-bedroom FMR, with how each compares to Posey.
Vanderburgh County
16 mi · 179,900 people
$1,113
same rate
Gibson County
22 mi · 33,006 people
$1,001
-10%
Warrick County
28 mi · 64,065 people
$1,113
same rate
Pike County
39 mi · 12,227 people
$956
-14%
Spencer County
46 mi · 19,935 people
$956
-14%
Knox County
50 mi · 36,148 people
$956
-14%
Dubois County
54 mi · 43,584 people
$956
-14%
Daviess County
59 mi · 33,337 people
$1,003
-10%
Questions people ask
$1,113 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $853 for a studio, $860 for one bedroom, $1,370 for three and $1,539 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in Posey actually go for?
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