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Eaton, IN

CitySAFMR
Delaware County
Found 1 ZIP

City Median Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$800$880
1 BR$810$890
2 BR$1,010$980
3 BR$1,290$1,090
4 BR$1,680$1,150
5 BR$1,932Not available
6 BR$2,222Not available
7 BR$2,555Not available
8 BR$2,938Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,010
Market rentUsed$980
Est. payment standard (98%)$990
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.87
2 BR
1.03
3 BR
1.18
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Eaton, IN fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Eaton, IN is $1,010 a month. That is up 5.2% from $960 in FY 2026. Eaton is in the Muncie, IN MSA. 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 $1,145. The median county two-bedroom FMR in Indiana is $1,086, so Eaton is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Eaton, IN
BedroomsFY 2027Change90–110% range
Studio$800+8.1%$720–$880
1BR$810+5.2%$729–$891
2BR$1,010+5.2%$909–$1,111
3BR$1,290+4.0%$1,161–$1,419
4BR$1,680+9.1%$1,512–$1,848

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Eaton, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$800$810$1,010$1,290$1,680
FY 2026$740$770$960$1,240$1,540
FY 2025$700$760$930$1,220$1,410
FY 2024$640$710$860$1,160$1,250
FY 2023$640$690$850$1,150$1,200

Questions about Eaton, IN rents

How much will Section 8 pay for a two-bedroom in Eaton, IN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,145, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,260 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. 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 Eaton, IN in?

Eaton, IN is in the Muncie, IN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,145.

How much did fair market rent change in Eaton, IN for FY 2027?

The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 18.8%.

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