FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 46111
0.87ratio
FMR$1,210
Market$1,390
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 46111
0.91ratio
FMR$1,380
Market$1,520
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 46111
1.08ratio
FMR$1,790
Market$1,650
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 46111
1.21ratio
FMR$2,180
Market$1,800
vs market+$380
FMR is above market; underwrite to market rent.
1.21
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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Brooklyn, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Brooklyn, IN is $1,380 a month. That is up 1.5% from $1,360 in FY 2026. Brooklyn 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 Brooklyn is 27% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Brooklyn, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,070
+3.9%
$963–$1,177
1BR
$1,170
$1,210
+3.4%
$1,089–$1,331
2BR
$1,360
$1,380
+1.5%
$1,242–$1,518
3BR
$1,760
$1,790
+1.7%
$1,611–$1,969
4BR
$2,160
$2,180
+0.9%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Brooklyn, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,210
$1,380
$1,790
$2,180
FY 2026
$1,030
$1,170
$1,360
$1,760
$2,160
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$930
$1,090
$1,280
$1,670
$2,020
FY 2023
$740
$860
$1,020
$1,340
$1,600
Questions about Brooklyn, IN rents
How much will Section 8 pay for a two-bedroom in Brooklyn, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,380, that basic range is $1,242 to $1,518 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 Brooklyn, IN in?
Brooklyn, 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 Brooklyn, IN for FY 2027?
The two-bedroom FMR rose 1.5%, from $1,360 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 35.3%.
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