Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Charlottesville, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Charlottesville, IN is $1,230 a month. That is up 6.0% from $1,160 in FY 2026. Charlottesville 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 Charlottesville is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Charlottesville, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$950
+8.0%
$855–$1,045
1BR
$970
$1,020
+5.2%
$918–$1,122
2BR
$1,160
$1,230
+6.0%
$1,107–$1,353
3BR
$1,440
$1,530
+6.3%
$1,377–$1,683
4BR
$1,730
$1,780
+2.9%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Charlottesville, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,020
$1,230
$1,530
$1,780
FY 2026
$880
$970
$1,160
$1,440
$1,730
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$880
$1,030
$1,210
$1,590
$1,910
FY 2023
$720
$840
$1,000
$1,310
$1,560
Questions about Charlottesville, IN rents
How much will Section 8 pay for a two-bedroom in Charlottesville, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 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 Charlottesville, IN in?
Charlottesville, 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 Charlottesville, IN for FY 2027?
The two-bedroom FMR rose 6.0%, from $1,160 in FY 2026 to $1,230 in FY 2027. Since FY 2023 it has risen 23.0%.
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