FMR is near market; voucher and private rents are aligned.
1.05
3 BR
3 BR- 46123
1.31ratio
FMR$2,480
Market$1,890
vs market+$590
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR- 46123
1.41ratio
FMR$3,010
Market$2,140
vs market+$870
FMR is above market; underwrite to market rent.
1.41
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Avon, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Avon, IN is $1,910 a month. That is up 3.2% from $1,850 in FY 2026. Avon 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 Avon is 76% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Avon, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,480
+5.7%
$1,332–$1,628
1BR
$1,590
$1,660
+4.4%
$1,494–$1,826
2BR
$1,850
$1,910
+3.2%
$1,719–$2,101
3BR
$2,400
$2,480
+3.3%
$2,232–$2,728
4BR
$2,940
$3,010
+2.4%
$2,709–$3,311
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Avon, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,480
$1,660
$1,910
$2,480
$3,010
FY 2026
$1,400
$1,590
$1,850
$2,400
$2,940
FY 2025
$1,190
$1,370
$1,600
$2,080
$2,530
FY 2024
$1,230
$1,430
$1,690
$2,200
$2,660
FY 2023
$970
$1,130
$1,340
$1,760
$2,100
Questions about Avon, IN rents
How much will Section 8 pay for a two-bedroom in Avon, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 Avon, IN in?
Avon, 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 Avon, IN for FY 2027?
The two-bedroom FMR rose 3.2%, from $1,850 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 42.5%.
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