HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Wayne County, Indiana (FY 2026)
HUD's FY 2026 Fair Market Rent for a two-bedroom in Wayne County is $956 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
2 bedroom FMR
$956
FY 2026, utilities included
Payment standard range
$860 to $1,052
90% to 110% of FMR
Income to afford 2BR
$38,240
per year, at 30% of income
Rank in Indiana
92nd of 92
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Wayne moves to $1,014. 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 Wayne actually rent for?
Search any address in Wayne 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 | $724 | $652 to $796 | $28,960 | $13.92/hr | +2.0% |
| 1 bedroom | $729 | $656 to $802 | $29,160 | $14.02/hr | +2.0% |
| 2 bedroom | $956 | $860 to $1,052 | $38,240 | $18.38/hr | +1.9% |
| 3 bedroom | $1,191 | $1,072 to $1,310 | $47,640 | $22.90/hr | +2.9% |
| 4 bedroom | $1,266 | $1,139 to $1,393 | $50,640 | $24.35/hr | +1.8% |
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 | $1,456 | $1,310 to $1,602 |
| 6 bedroom Estimate | $1,646 | $1,481 to $1,811 |
| 7 bedroom Estimate | $1,836 | $1,652 to $2,020 |
| 8 bedroom Estimate | $2,026 | $1,823 to $2,229 |
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 Wayne, that runs from $724 for a studio up to $1,266 for four bedrooms, all five rates in the table above.
Because Wayne 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, Richmond included.
Among Indiana's 92 counties, Wayne ranks 92nd for two-bedroom FMR. That's about 5% below the state median of $1,009 and about 6% below the national median county at $1,018. About 66,522 people live here, 26th 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 47327 (Cambridge City) and $1,340 in 47393 (Williamsburg), with the 14 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 47324 | Boston | $1,030 | +7.7% |
| 47327 | Cambridge City | $960 | +0.4% |
| 47330 | Centerville | $1,020 | +6.7% |
| 47335 | Dublin | $960 | +0.4% |
| 47339 | Economy | $1,050 | +9.8% |
| 47341 | Fountain City | $960 | +0.4% |
| 47345 | Greens Fork | $970 | +1.5% |
| 47346 | Hagerstown | $960 | +0.4% |
| 47357 | Milton | $960 | +0.4% |
| 47370 | Pershing | $990 | +3.6% |
| 47374 | Richmond | $970 | +1.5% |
| 47375 | Richmond | $960 | +0.4% |
| 47392 | Webster | $1,230 | +28.7% |
| 47393 | Williamsburg | $1,340 | +40.2% |
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 Wayne somewhere between $860 and $1,052. 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.
$956 a month is affordable, by HUD's 30% rule, on an income of roughly $38,240 a year. Put another way, $18 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% ($860) | HAP at 100% ($956) | HAP at 110% ($1,052) |
|---|---|---|---|---|
| $2,500 | $750 | $110 | $206 | $302 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2025 ($938) to FY 2026 ($956). Since FY 2020 it's up 32% in total, about 4.7% 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 | $476 | $550 | $725 | $933 | $1,010 | — |
| FY 2021 | $483 | $555 | $732 | $930 | $1,039 | +1.0% |
| FY 2022 | $490 | $562 | $738 | $928 | $1,041 | +0.8% |
| FY 2023 | $558 | $637 | $835 | $1,036 | $1,137 | +13.1% |
| FY 2024 | $637 | $657 | $863 | $1,071 | $1,156 | +3.4% |
| FY 2025 | $710 | $715 | $938 | $1,157 | $1,244 | +8.7% |
| FY 2026 | $724 | $729 | $956 | $1,191 | $1,266 | +1.9% |
| FY 2027 | $770 | $775 | $1,014 | $1,281 | $1,333 | +6.1% |
Nearby counties
Questions people ask
$956 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $724 for a studio, $729 for one bedroom, $1,191 for three and $1,266 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 Wayne actually go for?
HUD's number is one input. Search any address in Wayne for a rent estimate built from nearby comps. 3 free searches, no card.
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