Income Limits by County

FY2027 Fair Market Rent · Indiana

Vanderburgh County Fair Market Rent & Income Limits

HUD's FY2027 Fair Market Rent for a two-bedroom home in Vanderburgh County, IN is $1,127 a month, up 1.3% from FY2026. The area median family income is $93,000, and a family of four counts as low income up to $74,400 a year.

2-bedroom FMR$1,127per month ▲ 1.3%
Median family income$93,000FY2026 ▼ 1.0%
80% limit, 4 people$74,400low income

Fair Market Rent by unit size

FY2027 FY2026

Fair Market Rents are gross rents: rent plus the cost of all utilities except phone, cable and internet.

Check your household

Enter your household size and total yearly income before taxes to see which HUD income category it falls in for Vanderburgh County, IN.

Low income (80% limit)

A household of 4 earning $72,400 is under the 80% limit of $74,400 for this area. At 30% of income it could pay about $1,810 a month for rent and utilities.

This is a quick comparison with HUD's published limits, not an eligibility decision. Programs count income in their own ways and many have waiting lists; the local housing agency or property decides.

Income limits in Vanderburgh County

HUD's FY2026 income limits for Evansville, IN are based on a median family income of $93,000. Programs such as Housing Choice Vouchers, public housing and HOME use the 30%, 50% and 80% columns; Low-Income Housing Tax Credit properties use the 50% and 60% Multifamily Tax Subsidy Project limits.

FY2026 income limits by household size (yearly gross income)
PeopleExtremely low30% / povertyVery low50%60% (LIHTC)MTSPLow income80%
1$19,550$32,550$39,060$52,100
2$22,350$37,200$44,640$59,550
3$27,320$41,850$50,220$67,000
4$33,000$46,500$55,800$74,400
5$38,680$50,250$60,300$80,400
6$44,360$53,950$64,740$86,350
7$50,040$57,700$69,240$92,300
8$55,720$61,400$73,680$98,250

Rent history

Since FY2017 the two-bedroom FMR here has gone from $787 to $1,127, up 43.2% over ten years. HUD has published a two-bedroom FMR for this area since FY1983, when it was $333.

2-bedroom Fair Market Rent, 2001 to 2027$0$400$800$1,200$1,600200520102015202020252027$1,127FY2001: $503FY2002: $520FY2003: $529FY2004: $532FY2005: $538FY2006: $543FY2007: $560FY2008: $602FY2009: $624FY2010: $632FY2011: $640FY2012: $668FY2013: $754FY2014: $739FY2015: $721FY2016: $752FY2017: $787FY2018: $769FY2019: $788FY2020: $793FY2021: $845FY2022: $880FY2023: $973FY2024: $1,070FY2025: $1,054FY2026: $1,113FY2027: $1,127

What it takes to afford the rent

To keep a two-bedroom rent of $1,127 at no more than 30% of income, the usual affordability rule, a household needs about $45,100 a year. That is 48% of the area median family income of $93,000, so a typical family can afford it with room to spare.

Fair Market Rent by year (monthly gross rent incl. utilities)
UnitFY2027FY2026FY2025Income to affordat 30%
Studio$866$853$780$34,600
1 bedroom$872$860$821$34,900
2 bedrooms$1,127$1,113$1,054$45,100
3 bedrooms$1,387$1,370$1,300$55,500
4 bedrooms$1,534$1,539$1,473$61,400

How Vanderburgh County compares

Vanderburgh County is part of the Evansville, IN HUD Metro FMR Area, together with Posey County and Warrick County. HUD publishes one Fair Market Rent and one set of income limits for the whole area, so the numbers on this page apply in every county of it.

Vanderburgh County has the 40th highest two-bedroom Fair Market Rent of the 92 counties in Indiana; the population-weighted average across Indiana is $1,302 and the nationwide average is $1,751.

White County $1,134Decatur County $1,112Jackson County $1,142Delaware County $1,145Franklin County $1,148Steuben County $1,102

All 92 counties in Indiana →

Small Area FMRs by ZIP code

HUD also publishes Small Area Fair Market Rents for each ZIP code. In Vanderburgh County the two-bedroom figure ranges from $1,070 to $1,650 across 31 ZIP codes, against the area-wide $1,127. This area is not on HUD's list of mandatory Small Area FMR areas, so most agencies here use the area-wide FMR; an agency may still opt in to ZIP-level rents.

ZIPPlace2 BR SAFMR110% payment std.
47725Evansville$1,650$1,815
47708Evansville$1,320$1,452
47715Evansville$1,270$1,397
47720Evansville$1,200$1,320
47714Evansville$1,180$1,298
47618Inglefield$1,140$1,254
47701Evansville$1,140$1,254
47702Evansville$1,140$1,254
47703Evansville$1,140$1,254
47704Evansville$1,140$1,254
47705Evansville$1,140$1,254
47706Evansville$1,140$1,254
47711Evansville$1,140$1,254
47716Evansville$1,140$1,254
47719Evansville$1,140$1,254
47721Evansville$1,140$1,254
47724Evansville$1,140$1,254
47728Evansville$1,140$1,254
47730Evansville$1,140$1,254
47731Evansville$1,140$1,254
47732Evansville$1,140$1,254
47733Evansville$1,140$1,254
47734Evansville$1,140$1,254
47735Evansville$1,140$1,254
47736Evansville$1,140$1,254
47737Evansville$1,140$1,254
47747Evansville$1,140$1,254
47750Evansville$1,140$1,254
47713Evansville$1,110$1,221
47712Evansville$1,090$1,199
47710Evansville$1,070$1,177

Questions

What is the Fair Market Rent in Vanderburgh County, IN for 2027?

For FY2027 (October 1, 2026 to September 30, 2027) HUD's Fair Market Rents in Vanderburgh County, IN are $866 for a studio, $872 for one bedroom, $1,127 for two bedrooms, $1,387 for three and $1,534 for four bedrooms, per month including utilities.

What is the area median income in Vanderburgh County, IN?

HUD's FY2026 median family income for the area is $93,000, down 1.0% from $93,900 in FY2025.

What is 80% of AMI in Vanderburgh County, IN for a family of 4?

The FY2026 low-income limit (80%) for a household of four is $74,400 a year. The very low-income limit (50%) is $46,500 and the extremely low-income limit is $33,000.

What is the 60% AMI limit for tax credit housing in Vanderburgh County, IN?

Under HUD's FY2026 Multifamily Tax Subsidy Project limits, the 60% limit is $39,060 for one person and $55,800 for four.

Is the Fair Market Rent the same as the Section 8 payment standard?

No. Housing agencies set their payment standard between 90% and 110% of the FMR (for a two-bedroom here: $1,014 to $1,240), and can ask HUD for exceptions. Check the payment standard with your local housing agency.