Rental Benchmark Overview
2-Bedroom Benchmark Rent
$971$11,652 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Jefferson County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Jefferson 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 | $669 | $8,028 | $26,760 | $12.87/hr |
| 1-Bedroom Apartment | $818 | $9,816 | $32,720 | $15.73/hr |
| 2-Bedroom ApartmentStandard Benchmark | $971 | $11,652 | $38,840 | $18.67/hr |
| 3-Bedroom Home | $1,201 | $14,412 | $48,040 | $23.10/hr |
| 4-Bedroom Home | $1,524 | $18,288 | $60,960 | $29.31/hr |
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Frequently Asked Questions About Rent in Jefferson County, IN
What is the Fair Market Rent for a 2-bedroom in Jefferson County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Jefferson County, IN is $971 per month ($11,652 per year).
What hourly wage is needed to afford rent in Jefferson County, IN?
To comfortably afford a 2-bedroom apartment at $971/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.67 per hour ($38,840/year).
What are the HUD Fair Market Rents by bedroom count in Jefferson County, IN?
Official 2026 HUD rents in Jefferson County, IN are: Studio: $669/mo, 1-Bedroom: $818/mo, 2-Bedroom: $971/mo, 3-Bedroom: $1,201/mo, and 4-Bedroom: $1,524/mo.
How do HUD Fair Market Rents compare to local incomes in Jefferson County, IN?
At the local Census ACS median household income of $64,577/year ($5,381/month), the benchmark 2-bedroom Fair Market Rent represents 18% of monthly income.
How is the 30% housing affordability standard calculated in Jefferson County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $971/month, the required minimum annual gross income is calculated as ($971 × 12) ÷ 0.30 = $38,840 per year.