Indian River County, FL: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,5422-bedroom FMR, FY2027

$1,1791-bedroom FMR, FY2027

$81,80080% income limit, family of 4 (FY2026)

$105,200Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Indian River County is $1,542 a month, down 3.9% from $1,604 in FY2026. Indian River County belongs to the Sebastian-Vero Beach-West Vero Corridor, FL MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Indian River County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,171	$1,214	−3.5%	$1,054 – $1,288
1 bedroom	$1,179	$1,222	−3.5%	$1,062 – $1,296
2 bedrooms	$1,542	$1,604	−3.9%	$1,388 – $1,696
3 bedrooms	$1,882	$1,956	−3.8%	$1,694 – $2,070
4 bedrooms	$2,577	$2,691	−4.2%	$2,320 – $2,834

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Indian River County that is typically $1,388 to $1,696 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$46,812median income of renter households

$1,357Median gross rent, all units

35%Rent-to-income ratio (median rent ÷ median renter income)

57%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $46,812 can afford about $1,170 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,542 is $372 (31.8%) more than that. To rent a two-bedroom at the FMR, a household needs $61,680 a year under the 30% rule, or $55,512 under the common landlord rule that income must be three times the rent.

Indian River County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,357 ±$58
Median income of renter households	$46,812 ±$3,587
Renters paying 30% or more of income (cost-burdened)	56.6% ±4.2
Renters paying 50% or more (severely cost-burdened)	31.6% ±3.9
Renter households (where the share can be computed)	12,705

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$959	$1,357	+41.5%
Median renter household income	$33,646	$46,812	+39.1%
Renters paying 30%+ of income	56.0%	56.6%	+0.6 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,250 to $2,310 depending on the ZIP code.

All 17 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
32948	$950	$960	$1,250	$1,530	$2,090
32957	$1,170	$1,180	$1,540	$1,880	$2,570
32958	$1,250	$1,260	$1,650	$2,010	$2,760
32960	$1,100	$1,100	$1,450	$1,770	$2,430
32961	$1,170	$1,180	$1,540	$1,880	$2,570
32962	$1,120	$1,120	$1,470	$1,790	$2,460
32963	$1,750	$1,770	$2,310	$2,820	$3,860
32964	$1,170	$1,180	$1,540	$1,880	$2,570
32965	$1,170	$1,180	$1,540	$1,880	$2,570
32966	$1,280	$1,280	$1,680	$2,050	$2,810
32967	$1,220	$1,230	$1,610	$1,970	$2,690
32968	$1,580	$1,590	$2,080	$2,540	$3,500
32969	$1,170	$1,180	$1,540	$1,880	$2,570
32970	$1,240	$1,250	$1,630	$1,990	$2,730
32971	$1,170	$1,180	$1,540	$1,880	$2,570
32978	$1,170	$1,180	$1,540	$1,880	$2,570
34951	$1,370	$1,380	$1,660	$2,250	$2,430

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Indian River County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $105,200 (FY2025: $93,200, +12.9%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$21,500 +10.0%	$24,600 +10.1%	$27,650 +3.8%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$35,800 +10.0%	$40,900 +9.9%	$46,000 +9.9%	$51,150 +10.0%	$55,250 +10.0%	$59,300 +9.9%	$63,450 +10.0%	$67,500 +9.9%
Low income (80%)	$57,300 +10.0%	$65,450 +9.9%	$73,650 +9.9%	$81,800 +9.9%	$88,350 +9.9%	$94,900 +9.9%	$101,450 +9.9%	$108,000 +9.9%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.