FMR is near market; voucher and private rents are aligned.
1.02
1 BR
1 BR- 46107
1.11ratio
FMR$1,230
Market$1,110
vs market+$120
FMR is above market; underwrite to market rent.
1.11
2 BR
2 BR- 46107
1.22ratio
FMR$1,420
Market$1,160
vs market+$260
FMR is above market; underwrite to market rent.
1.22
3 BR
3 BR- 46107
1.14ratio
FMR$1,840
Market$1,610
vs market+$230
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 46107
1.15ratio
FMR$2,240
Market$1,940
vs market+$300
FMR is above market; underwrite to market rent.
1.15
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
--
Beech Grove, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Beech Grove, IN is $1,420 a month. That is up 5.2% from $1,350 in FY 2026. Beech Grove 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 Beech Grove is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Beech Grove, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,100
+7.8%
$990–$1,210
1BR
$1,160
$1,230
+6.0%
$1,107–$1,353
2BR
$1,350
$1,420
+5.2%
$1,278–$1,562
3BR
$1,750
$1,840
+5.1%
$1,656–$2,024
4BR
$2,140
$2,240
+4.7%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Beech Grove, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,230
$1,420
$1,840
$2,240
FY 2026
$1,020
$1,160
$1,350
$1,750
$2,140
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$890
$1,040
$1,220
$1,590
$1,920
FY 2023
$690
$800
$950
$1,250
$1,490
Questions about Beech Grove, IN rents
How much will Section 8 pay for a two-bedroom in Beech Grove, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,420, that basic range is $1,278 to $1,562 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 Beech Grove, IN in?
Beech Grove, 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 Beech Grove, IN for FY 2027?
The two-bedroom FMR rose 5.2%, from $1,350 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 49.5%.
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