FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 46714
0.84ratio
FMR$810
Market$960
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 46714
0.94ratio
FMR$1,050
Market$1,120
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 46714
1.08ratio
FMR$1,280
Market$1,180
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 46714
1.17ratio
FMR$1,460
Market$1,250
vs market+$210
FMR is above market; underwrite to market rent.
1.17
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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Bluffton, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bluffton, IN is $1,050 a month. That is up 9.4% from $960 in FY 2026. Bluffton is in the Wells County, IN HUD Metro 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 metro-wide two-bedroom FMR of $1,102. The median county two-bedroom FMR in Indiana is $1,086, so Bluffton is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bluffton, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$800
+11.1%
$720–$880
1BR
$730
$810
+11.0%
$729–$891
2BR
$960
$1,050
+9.4%
$945–$1,155
3BR
$1,160
$1,280
+10.3%
$1,152–$1,408
4BR
$1,340
$1,460
+9.0%
$1,314–$1,606
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bluffton, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$810
$1,050
$1,280
$1,460
FY 2026
$720
$730
$960
$1,160
$1,340
FY 2025
$660
$710
$930
$1,120
$1,320
FY 2024area FMR
$603
$660
$867
$1,048
$1,255
FY 2023area FMR
$583
$635
$836
$1,017
$1,223
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Bluffton, IN rents
How much will Section 8 pay for a two-bedroom in Bluffton, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,102, which applies unless the housing authority uses Small Area FMRs, that basic range is $992 to $1,212 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 Bluffton, IN in?
Bluffton, IN is in the Wells County, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,102.
How much did fair market rent change in Bluffton, IN for FY 2027?
The two-bedroom FMR rose 9.4%, from $960 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 12.9%.
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