FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 46713
0.91ratio
FMR$780
Market$860
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.91
2 BR
2 BR- 46713
1.07ratio
FMR$1,010
Market$940
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 46713
1.36ratio
FMR$1,320
Market$970
vs market+$350
FMR is above market; underwrite to market rent.
1.36
4 BR
4 BR- 46713
1.66ratio
FMR$1,640
Market$990
vs market+$650
FMR is above market; underwrite to market rent.
1.66
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
--
Bippus, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bippus, IN is $1,010 a month. That is up 5.2% from $960 in FY 2026. Bippus is in the Huntington County, IN non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Indiana is $1,086, so Bippus is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bippus, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$760
+10.1%
$684–$836
1BR
$730
$780
+6.8%
$702–$858
2BR
$960
$1,010
+5.2%
$909–$1,111
3BR
$1,240
$1,320
+6.5%
$1,188–$1,452
4BR
$1,490
$1,640
+10.1%
$1,476–$1,804
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bippus, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$760
$780
$1,010
$1,320
$1,640
FY 2026
$690
$730
$960
$1,240
$1,490
FY 2025
$650
$720
$930
$1,200
$1,500
FY 2024area FMR
$600
$675
$863
$1,088
$1,373
FY 2023area FMR
$558
$666
$826
$1,049
$1,269
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Bippus, IN rents
How much will Section 8 pay for a two-bedroom in Bippus, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Bippus, IN in?
Bippus, IN is in the Huntington County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Bippus, IN for FY 2027?
The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.
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