Rental Benchmark Overview
2-Bedroom Benchmark Rent
$973$11,676 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Carroll County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Carroll County, IN
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $709 | $8,508 | $28,360 | $13.63/hr |
| 1-Bedroom Apartment | $742 | $8,904 | $29,680 | $14.27/hr |
| 2-Bedroom ApartmentStandard Benchmark | $973 | $11,676 | $38,920 | $18.71/hr |
| 3-Bedroom Home | $1,219 | $14,628 | $48,760 | $23.44/hr |
| 4-Bedroom Home | $1,328 | $15,936 | $53,120 | $25.54/hr |
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Frequently Asked Questions About Rent in Carroll County, IN
What is the Fair Market Rent for a 2-bedroom in Carroll County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Carroll County, IN is $973 per month ($11,676 per year).
What hourly wage is needed to afford rent in Carroll County, IN?
To comfortably afford a 2-bedroom apartment at $973/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.71 per hour ($38,920/year).
What are the HUD Fair Market Rents by bedroom count in Carroll County, IN?
Official 2026 HUD rents in Carroll County, IN are: Studio: $709/mo, 1-Bedroom: $742/mo, 2-Bedroom: $973/mo, 3-Bedroom: $1,219/mo, and 4-Bedroom: $1,328/mo.
How do HUD Fair Market Rents compare to local incomes in Carroll County, IN?
At the local Census ACS median household income of $65,645/year ($5,470/month), the benchmark 2-bedroom Fair Market Rent represents 17.8% of monthly income.
How is the 30% housing affordability standard calculated in Carroll County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $973/month, the required minimum annual gross income is calculated as ($973 × 12) ÷ 0.30 = $38,920 per year.