Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,028$12,336 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sullivan County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sullivan 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 | $758 | $9,096 | $30,320 | $14.58/hr |
| 1-Bedroom Apartment | $783 | $9,396 | $31,320 | $15.06/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,028 | $12,336 | $41,120 | $19.77/hr |
| 3-Bedroom Home | $1,251 | $15,012 | $50,040 | $24.06/hr |
| 4-Bedroom Home | $1,720 | $20,640 | $68,800 | $33.08/hr |
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Frequently Asked Questions About Rent in Sullivan County, IN
What is the Fair Market Rent for a 2-bedroom in Sullivan County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sullivan County, IN is $1,028 per month ($12,336 per year).
What hourly wage is needed to afford rent in Sullivan County, IN?
To comfortably afford a 2-bedroom apartment at $1,028/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.77 per hour ($41,120/year).
What are the HUD Fair Market Rents by bedroom count in Sullivan County, IN?
Official 2026 HUD rents in Sullivan County, IN are: Studio: $758/mo, 1-Bedroom: $783/mo, 2-Bedroom: $1,028/mo, 3-Bedroom: $1,251/mo, and 4-Bedroom: $1,720/mo.
How do HUD Fair Market Rents compare to local incomes in Sullivan County, IN?
At the local Census ACS median household income of $56,204/year ($4,684/month), the benchmark 2-bedroom Fair Market Rent represents 21.9% of monthly income.
How is the 30% housing affordability standard calculated in Sullivan County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,028/month, the required minimum annual gross income is calculated as ($1,028 × 12) ÷ 0.30 = $41,120 per year.