Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,353$16,236 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ohio County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ohio 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 | $958 | $11,496 | $38,320 | $18.42/hr |
| 1-Bedroom Apartment | $1,051 | $12,612 | $42,040 | $20.21/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,353 | $16,236 | $54,120 | $26.02/hr |
| 3-Bedroom Home | $1,785 | $21,420 | $71,400 | $34.33/hr |
| 4-Bedroom Home | $1,976 | $23,712 | $79,040 | $38.00/hr |
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Frequently Asked Questions About Rent in Ohio County, IN
What is the Fair Market Rent for a 2-bedroom in Ohio County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ohio County, IN is $1,353 per month ($16,236 per year).
What hourly wage is needed to afford rent in Ohio County, IN?
To comfortably afford a 2-bedroom apartment at $1,353/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $26.02 per hour ($54,120/year).
What are the HUD Fair Market Rents by bedroom count in Ohio County, IN?
Official 2026 HUD rents in Ohio County, IN are: Studio: $958/mo, 1-Bedroom: $1,051/mo, 2-Bedroom: $1,353/mo, 3-Bedroom: $1,785/mo, and 4-Bedroom: $1,976/mo.
How do HUD Fair Market Rents compare to local incomes in Ohio County, IN?
At the local Census ACS median household income of $70,392/year ($5,866/month), the benchmark 2-bedroom Fair Market Rent represents 23.1% of monthly income.
How is the 30% housing affordability standard calculated in Ohio County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,353/month, the required minimum annual gross income is calculated as ($1,353 × 12) ÷ 0.30 = $54,120 per year.