Rental Benchmark Overview
2-Bedroom Benchmark Rent
$967$11,604 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Noble County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Noble 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 | $682 | $8,184 | $27,280 | $13.12/hr |
| 1-Bedroom Apartment | $737 | $8,844 | $29,480 | $14.17/hr |
| 2-Bedroom ApartmentStandard Benchmark | $967 | $11,604 | $38,680 | $18.60/hr |
| 3-Bedroom Home | $1,159 | $13,908 | $46,360 | $22.29/hr |
| 4-Bedroom Home | $1,622 | $19,464 | $64,880 | $31.19/hr |
See comprehensive cost of living profile for Noble County, IN →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Indiana:
Frequently Asked Questions About Rent in Noble County, IN
What is the Fair Market Rent for a 2-bedroom in Noble County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Noble County, IN is $967 per month ($11,604 per year).
What hourly wage is needed to afford rent in Noble County, IN?
To comfortably afford a 2-bedroom apartment at $967/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.60 per hour ($38,680/year).
What are the HUD Fair Market Rents by bedroom count in Noble County, IN?
Official 2026 HUD rents in Noble County, IN are: Studio: $682/mo, 1-Bedroom: $737/mo, 2-Bedroom: $967/mo, 3-Bedroom: $1,159/mo, and 4-Bedroom: $1,622/mo.
How do HUD Fair Market Rents compare to local incomes in Noble County, IN?
At the local Census ACS median household income of $71,723/year ($5,977/month), the benchmark 2-bedroom Fair Market Rent represents 16.2% of monthly income.
How is the 30% housing affordability standard calculated in Noble County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $967/month, the required minimum annual gross income is calculated as ($967 × 12) ÷ 0.30 = $38,680 per year.