FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR- 46030
0.69ratio
FMR$1,100
Market$1,590
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 46030
0.74ratio
FMR$1,270
Market$1,720
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 46030
0.94ratio
FMR$1,650
Market$1,750
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 46030
1.08ratio
FMR$2,000
Market$1,850
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.08
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Arcadia, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Arcadia, IN is $1,270 a month. That is up 2.4% from $1,240 in FY 2026. Arcadia is in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Indiana is $1,086, so Arcadia is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Arcadia, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$980
+4.3%
$882–$1,078
1BR
$1,070
$1,100
+2.8%
$990–$1,210
2BR
$1,240
$1,270
+2.4%
$1,143–$1,397
3BR
$1,610
$1,650
+2.5%
$1,485–$1,815
4BR
$1,970
$2,000
+1.5%
$1,800–$2,200
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Arcadia, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,100
$1,270
$1,650
$2,000
FY 2026
$940
$1,070
$1,240
$1,610
$1,970
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$840
$980
$1,160
$1,510
$1,830
FY 2023
$650
$760
$900
$1,180
$1,410
Questions about Arcadia, IN rents
How much will Section 8 pay for a two-bedroom in Arcadia, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,270, that basic range is $1,143 to $1,397 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Arcadia, IN in?
Arcadia, IN is in the Indianapolis-Carmel, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Arcadia, IN for FY 2027?
The two-bedroom FMR rose 2.4%, from $1,240 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 41.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set