Kokomo, IN MSA
FY 2026 HUD Fair Market Rents for the Kokomo, IN MSA metro area. Population: 83,452.
Fair Market Rents (2026)
Studio
National avg: $893
$884/mo
↑ 9.5% YoY
-1% vs US
1 Bedroom
National avg: $959
$890/mo
↑ 9.6% YoY
-7% vs US
2 Bedroom
National avg: $1,175
$1,123/mo
↑ 10.2% YoY
-4% vs US
3 Bedroom
National avg: $1,525
$1,388/mo
↑ 8.2% YoY
-9% vs US
4 Bedroom
National avg: $1,756
$1,567/mo
↑ 9.4% YoY
-11% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $807 | $884 | +$77 (+9.5%) |
| 1 Bedroom | $812 | $890 | +$78 (+9.6%) |
| 2 Bedroom | $1,019 | $1,123 | +$104 (+10.2%) |
| 3 Bedroom | $1,283 | $1,388 | +$105 (+8.2%) |
| 4 Bedroom | $1,433 | $1,567 | +$134 (+9.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$35,600
$2,967/month gross
Required annual income for 2 BR
$44,920
$3,743/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.