Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,109$13,308 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Tipton County, IN
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Tipton 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 | $840 | $10,080 | $33,600 | $16.15/hr |
| 1-Bedroom Apartment | $845 | $10,140 | $33,800 | $16.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,109 | $13,308 | $44,360 | $21.33/hr |
| 3-Bedroom Home | $1,330 | $15,960 | $53,200 | $25.58/hr |
| 4-Bedroom Home | $1,725 | $20,700 | $69,000 | $33.17/hr |
See comprehensive cost of living profile for Tipton County, IN →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Indiana:
Frequently Asked Questions About Rent in Tipton County, IN
What is the Fair Market Rent for a 2-bedroom in Tipton County, IN?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Tipton County, IN is $1,109 per month ($13,308 per year).
What hourly wage is needed to afford rent in Tipton County, IN?
To comfortably afford a 2-bedroom apartment at $1,109/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.33 per hour ($44,360/year).
What are the HUD Fair Market Rents by bedroom count in Tipton County, IN?
Official 2026 HUD rents in Tipton County, IN are: Studio: $840/mo, 1-Bedroom: $845/mo, 2-Bedroom: $1,109/mo, 3-Bedroom: $1,330/mo, and 4-Bedroom: $1,725/mo.
How do HUD Fair Market Rents compare to local incomes in Tipton County, IN?
At the local Census ACS median household income of $76,156/year ($6,346/month), the benchmark 2-bedroom Fair Market Rent represents 17.5% of monthly income.
How is the 30% housing affordability standard calculated in Tipton County, IN?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,109/month, the required minimum annual gross income is calculated as ($1,109 × 12) ÷ 0.30 = $44,360 per year.