Fair Market Rents: Howard County, IN (FY2026)
HUD's FY2026 Fair Market Rents for Howard County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.
| Unit size | FY2026 FMR | IN median* |
|---|---|---|
| Studio (0-BR) | $884/mo | $768 (+15%) |
| 1 Bedroom | $890/mo | $824 (+8%) |
| 2 Bedrooms | $1,123/mo | $1,009 (+11%) |
| 3 Bedrooms | $1,388/mo | $1,330 (+4%) |
| 4+ Bedrooms | $1,567/mo | $1,535 (+2%) |
*Median across all FMR-publishing counties in IN. Source: HUD FY2026 FMR schedule.
Using FMR as a voucher holder in Howard County
- Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
- You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
- In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.
Subsidized housing in Howard County
We track 18 assisted properties countywide:
| City | Properties | Assisted units |
|---|---|---|
| Kokomo | 27 | 2,378 |