Floyd County, IN
Section 8 Fair Market Rents · FY 2026
Fair Market Rents by bedroom size
HUD sets FMRs annually. Local PHAs set their payment standards at 90–110% of FMR (higher with HUD approval) — the ranges below are estimates; confirm with the housing authority.
| Bedroom size | Fair Market Rent | Est. payment standard range |
|---|---|---|
| Studio | $966/mo | $869 – $1,063/mo |
| 1 BR | $1,047/mo | $942 – $1,152/mo |
| 2 BR | $1,272/mo | $1,145 – $1,399/mo |
| 3 BR | $1,625/mo | $1,463 – $1,788/mo |
| 4 BR | $1,891/mo | $1,702 – $2,080/mo |
Fair Market Rent by unit size — Floyd County, IN (FY 2026)
Source: HUD FY 2026 data for Floyd County. Payment standard ranges shown are 90–110% of FMR; actual standards vary by housing authority.
Housing authority serving Floyd County
- Housing Authority of the City of New Albany
300 Erni Ave, New Albany, IN, 47150 · 8122062033
Am I eligible?
To qualify for a Housing Choice Voucher in Floyd County, your household's gross annual income generally must be at or below the limits below (50% of area median income, as set by HUD). Most agencies are required to prioritize applicants at or below 30% AMI for at least 75% of new vouchers.
| Household size | Max gross annual income |
|---|---|
| 1 person | $34,650 |
| 2 people | $39,600 |
| 3 people | $44,550 |
| 4 people | $49,500 |
| 5 people | $53,500 |
| 6 people | $57,450 |
| 7 people | $61,400 |
| 8 people | $65,350 |
Source: HUD Income Limits, 2026. Meeting the income limit does not guarantee a voucher — waiting lists, local preferences, and funding levels vary by housing authority. Learn more about eligibility →
Income-restricted housing in Floyd County
These properties were built or rehabilitated using the federal Low-Income Housing Tax Credit (LIHTC) program and must rent a portion of units below market rate. Many, but not all, accept Section 8 Housing Choice Vouchers — contact the property directly to confirm current availability and voucher acceptance.
OLIVE GROVE TOWNHOMES
2011 OLIVE ST, NEW ALBANY, IN, 4715055 income-restricted units10 2BR, 39 3BR, 6 4BR+Built 20234% LIHTCCompliance through ~2053- Elderly
MONON CROSSING
2710 GRANTLINE RD, NEW ALBANY, IN, 47150240 income-restricted units72 1BR, 108 2BR, 40 3BR, 20 4BR+Built 20229% LIHTCCompliance through ~2052 HELLENIC SENIOR LIVING OF NEW ALBANY
2632 GRANT LINE RD, NEW ALBANY, IN, 47150125 income-restricted units50 studio, 75 1BRBuilt 20189% LIHTCCompliance through ~2048BROOKVIEW GLEN APTS
1810 GRAYBROOK LN, NEW ALBANY, IN, 4715063 income-restricted units of 66 total10 studio, 26 1BR, 30 2BRBuilt 20074% LIHTCCompliance through ~2037ST EDWARD COURT
701 E SPRING ST, NEW ALBANY, IN, 4715050 income-restricted units of 56 total21 1BR, 28 2BR, 6 3BR, 1 4BR+Built 20024% LIHTCCompliance through ~2032CENTER FOR WOMEN & FAMILIES DOMESTIC VIOLENCE RES
4919 CHARLESTOWN RD, NEW ALBANY, IN, 4715010 income-restricted units10 1BRBuilt 19994% LIHTCCompliance through ~2029VALLEY RIDGE APTS
200 VILLAGE DR W, NEW ALBANY, IN, 47150124 income-restricted units of 156 total16 1BR, 60 2BR, 80 3BRBuilt 19999% LIHTCCompliance through ~2029
Source: HUD LIHTC Public-Use Database. Properties shown were placed in service within the last 35 years and may still be under compliance obligations. Verify availability, income limits, and voucher acceptance directly with each property. More on finding affordable housing →
Estimate your voucher payment
Enter a Floyd County ZIP code in the Voucher Payment Estimator for a personalized rent and subsidy estimate based on local FMR data.
Estimate payment →Investor: find your price ceiling
Use the Property Budget Calculator to find the max purchase price that hits your target return on a Section 8 unit in this market.
Run the numbers →