Indianapolis-Carmel, IN HUD Metro FMR Area · FY2026 area median income $110,300 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $386 | $579 | $773 | $966 | $1,159 | $1,352 | $1,546 |
| 1BR | $414 | $621 | $828 | $1,035 | $1,242 | $1,449 | $1,656 |
| 2BR | $496 | $744 | $993 | $1,241 | $1,489 | $1,737 | $1,986 |
| 3BR | $573 | $860 | $1,147 | $1,434 | $1,721 | $2,008 | $2,295 |
| 4BR | $640 | $960 | $1,280 | $1,600 | $1,920 | $2,240 | $2,560 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $23,190 | $38,650 | $46,380 | $61,840 |
| 2 persons | $26,490 | $44,150 | $52,980 | $70,640 |
| 3 persons | $29,790 | $49,650 | $59,580 | $79,440 |
| 4 persons | $33,090 | $55,150 | $66,180 | $88,240 |
| 5 persons | $35,760 | $59,600 | $71,520 | $95,360 |
| 6 persons | $38,400 | $64,000 | $76,800 | $102,400 |
| 7 persons | $41,040 | $68,400 | $82,080 | $109,440 |
| 8 persons | $43,680 | $72,800 | $87,360 | $116,480 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Morgan County to see the sources and uses, bond test, DSCR, and funding gap using these rents.