Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,003$12,036 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Daviess County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Daviess 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 | $719 | $8,628 | $28,760 | $13.83/hr |
| 1-Bedroom Apartment | $764 | $9,168 | $30,560 | $14.69/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,003 | $12,036 | $40,120 | $19.29/hr |
| 3-Bedroom Home | $1,243 | $14,916 | $49,720 | $23.90/hr |
| 4-Bedroom Home | $1,328 | $15,936 | $53,120 | $25.54/hr |
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Frequently Asked Questions About Rent in Daviess County, IN
What is the Fair Market Rent for a 2-bedroom in Daviess County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Daviess County, IN is $1,003 per month ($12,036 per year).
What hourly wage is needed to afford rent in Daviess County, IN?
To comfortably afford a 2-bedroom apartment at $1,003/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.29 per hour ($40,120/year).
What are the HUD Fair Market Rents by bedroom count in Daviess County, IN?
Official 2026 HUD rents in Daviess County, IN are: Studio: $719/mo, 1-Bedroom: $764/mo, 2-Bedroom: $1,003/mo, 3-Bedroom: $1,243/mo, and 4-Bedroom: $1,328/mo.
How do HUD Fair Market Rents compare to local incomes in Daviess County, IN?
At the local Census ACS median household income of $68,503/year ($5,709/month), the benchmark 2-bedroom Fair Market Rent represents 17.6% of monthly income.
How is the 30% housing affordability standard calculated in Daviess County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,003/month, the required minimum annual gross income is calculated as ($1,003 × 12) ÷ 0.30 = $40,120 per year.