FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 47342
0.86ratio
FMR$830
Market$960
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.86
2 BR
2 BR- 47342
1.00ratio
FMR$1,090
Market$1,090
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 47342
1.18ratio
FMR$1,440
Market$1,220
vs market+$220
FMR is above market; underwrite to market rent.
1.18
4 BR
4 BR- 47342
1.27ratio
FMR$1,680
Market$1,320
vs market+$360
FMR is above market; underwrite to market rent.
1.27
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
--
Gaston, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gaston, IN is $1,090 a month. That is up 12.4% from $970 in FY 2026. Gaston 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.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gaston, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$810
+8.0%
$729–$891
1BR
$790
$830
+5.1%
$747–$913
2BR
$970
$1,090
+12.4%
$981–$1,199
3BR
$1,250
$1,440
+15.2%
$1,296–$1,584
4BR
$1,570
$1,680
+7.0%
$1,512–$1,848
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gaston, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$830
$1,090
$1,440
$1,680
FY 2026
$750
$790
$970
$1,250
$1,570
FY 2025
$720
$790
$1,030
$1,330
$1,410
FY 2024
$680
$750
$910
$1,220
$1,320
FY 2023
$620
$670
$830
$1,110
$1,170
Questions about Gaston, IN rents
How much will Section 8 pay for a two-bedroom in Gaston, 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 $1,090 it would be $981 to $1,199. 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 Gaston, IN in?
Gaston, 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 Gaston, IN for FY 2027?
The two-bedroom FMR rose 12.4%, from $970 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 31.3%.
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