Noble 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).

$1,0232-bedroom FMR, FY2027

$7821-bedroom FMR, FY2027

$69,35080% income limit, family of 4 (FY2026)

$86,700Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Noble County is $1,023 a month, up 5.8% from $967 in FY2026. Noble County belongs to the Noble 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 Noble County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$765	$682	+12.2%	$689 – $841
1 bedroom	$782	$737	+6.1%	$704 – $860
2 bedrooms	$1,023	$967	+5.8%	$921 – $1,125
3 bedrooms	$1,219	$1,159	+5.2%	$1,098 – $1,340
4 bedrooms	$1,710	$1,622	+5.4%	$1,539 – $1,881

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 Noble County that is typically $921 to $1,125 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?

$42,293median income of renter households

$832Median gross rent, all units

24%Rent-to-income ratio (median rent ÷ median renter income)

43%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $42,293 can afford about $1,057 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,023 is $34 (3.2%) less than that. To rent a two-bedroom at the FMR, a household needs $40,920 a year under the 30% rule, or $36,828 under the common landlord rule that income must be three times the rent.

Noble County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$832 ±$32
Median income of renter households	$42,293 ±$6,180
Renters paying 30% or more of income (cost-burdened)	43.3% ±7.9
Renters paying 50% or more (severely cost-burdened)	14.9% ±4.8
Renter households (where the share can be computed)	3,717

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$712	$832	+16.9%
Median renter household income	$34,493	$42,293	+22.6%
Renters paying 30%+ of income	34.9%	43.3%	+8.4 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 Noble County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $86,700 (FY2025: $90,000, −3.7%). 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%)	$18,200 −3.7%	$21,640 +0.2%	$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%)	$30,350 −3.7%	$34,700 −3.6%	$39,050 −3.6%	$43,350 −3.7%	$46,850 −3.6%	$50,300 −3.6%	$53,800 −3.6%	$57,250 −3.6%
Low income (80%)	$48,550 −3.7%	$55,500 −3.6%	$62,450 −3.6%	$69,350 −3.7%	$74,900 −3.7%	$80,450 −3.7%	$86,000 −3.7%	$91,550 −3.7%

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.