Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,001$12,012 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gibson County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gibson 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 | $766 | $9,192 | $30,640 | $14.73/hr |
| 1-Bedroom Apartment | $771 | $9,252 | $30,840 | $14.83/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,001 | $12,012 | $40,040 | $19.25/hr |
| 3-Bedroom Home | $1,262 | $15,144 | $50,480 | $24.27/hr |
| 4-Bedroom Home | $1,361 | $16,332 | $54,440 | $26.17/hr |
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Frequently Asked Questions About Rent in Gibson County, IN
What is the Fair Market Rent for a 2-bedroom in Gibson County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gibson County, IN is $1,001 per month ($12,012 per year).
What hourly wage is needed to afford rent in Gibson County, IN?
To comfortably afford a 2-bedroom apartment at $1,001/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.25 per hour ($40,040/year).
What are the HUD Fair Market Rents by bedroom count in Gibson County, IN?
Official 2026 HUD rents in Gibson County, IN are: Studio: $766/mo, 1-Bedroom: $771/mo, 2-Bedroom: $1,001/mo, 3-Bedroom: $1,262/mo, and 4-Bedroom: $1,361/mo.
How do HUD Fair Market Rents compare to local incomes in Gibson County, IN?
At the local Census ACS median household income of $67,573/year ($5,631/month), the benchmark 2-bedroom Fair Market Rent represents 17.8% of monthly income.
How is the 30% housing affordability standard calculated in Gibson County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,001/month, the required minimum annual gross income is calculated as ($1,001 × 12) ÷ 0.30 = $40,040 per year.