FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR- 46112
1.29ratio
FMR$2,390
Market$1,850
vs market+$540
FMR is above market; underwrite to market rent.
1.29
4 BR
4 BR- 46112
1.32ratio
FMR$2,900
Market$2,190
vs market+$710
FMR is above market; underwrite to market rent.
1.32
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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Brownsburg, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Brownsburg, IN is $1,840 a month. That is up 5.7% from $1,740 in FY 2026. Brownsburg 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 Brownsburg is 70% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Brownsburg, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,320
$1,420
+7.6%
$1,278–$1,562
1BR
$1,500
$1,600
+6.7%
$1,440–$1,760
2BR
$1,740
$1,840
+5.7%
$1,656–$2,024
3BR
$2,250
$2,390
+6.2%
$2,151–$2,629
4BR
$2,760
$2,900
+5.1%
$2,610–$3,190
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Brownsburg, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,420
$1,600
$1,840
$2,390
$2,900
FY 2026
$1,320
$1,500
$1,740
$2,250
$2,760
FY 2025
$1,120
$1,290
$1,510
$1,960
$2,390
FY 2024
$1,160
$1,350
$1,590
$2,070
$2,510
FY 2023
$920
$1,070
$1,270
$1,670
$1,990
Questions about Brownsburg, IN rents
How much will Section 8 pay for a two-bedroom in Brownsburg, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,840, that basic range is $1,656 to $2,024 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 Brownsburg, IN in?
Brownsburg, 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 Brownsburg, IN for FY 2027?
The two-bedroom FMR rose 5.7%, from $1,740 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 44.9%.
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