Fulton County, IN: 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).

$1,0342-bedroom FMR, FY2027

$7901-bedroom FMR, FY2027

$67,85080% income limit, family of 4 (FY2026)

$78,700Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Fulton County is $1,034 a month, up 7.5% from $962 in FY2026. Fulton County belongs to the Fulton County, IN FMR area (non-metro county), 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 Fulton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$774	$689	+12.3%	$697 – $851
1 bedroom	$790	$733	+7.8%	$711 – $869
2 bedrooms	$1,034	$962	+7.5%	$931 – $1,137
3 bedrooms	$1,232	$1,153	+6.9%	$1,109 – $1,355
4 bedrooms	$1,359	$1,274	+6.7%	$1,224 – $1,494

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 Fulton County that is typically $931 to $1,137 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?

$38,432median income of renter households

$839Median gross rent, all units

26%Rent-to-income ratio (median rent ÷ median renter income)

41%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $38,432 can afford about $961 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,034 is $73 (7.6%) more than that. To rent a two-bedroom at the FMR, a household needs $41,360 a year under the 30% rule, or $37,224 under the common landlord rule that income must be three times the rent.

Fulton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$839 ±$55
Median income of renter households	$38,432 ±$5,348
Renters paying 30% or more of income (cost-burdened)	40.6% ±9.6
Renters paying 50% or more (severely cost-burdened)	23.2% ±8.3
Renter households (where the share can be computed)	1,477

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$690	$839	+21.6%
Median renter household income	$31,875	$38,432	+20.6%
Renters paying 30%+ of income	46.8%	40.6%	−6.2 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.

HUD income limits for Fulton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $78,700 (FY2025: $77,900, +1.0%). 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%)	$17,850 ±0.0%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$29,700 −0.2%	$33,950 −0.1%	$38,200 −0.1%	$42,400 −0.1%	$45,800 −0.1%	$49,200 −0.1%	$52,600 −0.1%	$56,000 −0.1%
Low income (80%)	$47,500 −0.1%	$54,300 −0.1%	$61,100 −0.1%	$67,850 −0.1%	$73,300 −0.1%	$78,750 −0.1%	$84,150 −0.1%	$89,600 −0.1%

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.