FMR is below market; voucher rent may lag private rents.
0.66
1 BR
1 BR- 47111
0.74ratio
FMR$950
Market$1,290
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.74
2 BR
2 BR- 47111
0.74ratio
FMR$1,150
Market$1,560
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR- 47111
0.75ratio
FMR$1,470
Market$1,950
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 47111
0.79ratio
FMR$1,690
Market$2,150
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.79
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
--
Charlestown, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Charlestown, IN is $1,150 a month. That is up 1.8% from $1,130 in FY 2026. Charlestown is in the Louisville, KY-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 Charlestown is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Charlestown, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$880
+2.3%
$792–$968
1BR
$930
$950
+2.2%
$855–$1,045
2BR
$1,130
$1,150
+1.8%
$1,035–$1,265
3BR
$1,440
$1,470
+2.1%
$1,323–$1,617
4BR
$1,680
$1,690
+0.6%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Charlestown, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$880
$950
$1,150
$1,470
$1,690
FY 2026
$860
$930
$1,130
$1,440
$1,680
FY 2025
$910
$990
$1,200
$1,550
$1,790
FY 2024
$900
$990
$1,200
$1,570
$1,800
FY 2023
$720
$810
$970
$1,290
$1,480
Questions about Charlestown, IN rents
How much will Section 8 pay for a two-bedroom in Charlestown, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 Charlestown, IN in?
Charlestown, IN is in the Louisville, KY-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 Charlestown, IN for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,130 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 18.6%.
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