FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 47240
0.83ratio
FMR$860
Market$1,030
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 47240
1.01ratio
FMR$1,120
Market$1,110
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 47240
1.15ratio
FMR$1,340
Market$1,170
vs market+$170
FMR is above market; underwrite to market rent.
1.15
4 BR
4 BR- 47240
1.29ratio
FMR$1,560
Market$1,210
vs market+$350
FMR is above market; underwrite to market rent.
1.29
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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Greensburg, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Greensburg, IN is $1,120 a month. That is up 1.8% from $1,100 in FY 2026. Greensburg is in the Decatur County, IN non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,112. The median county two-bedroom FMR in Indiana is $1,086, so Greensburg is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Greensburg, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$840
+3.7%
$756–$924
1BR
$940
$860
−8.5%
$774–$946
2BR
$1,100
$1,120
+1.8%
$1,008–$1,232
3BR
$1,440
$1,340
−6.9%
$1,206–$1,474
4BR
$1,730
$1,560
−9.8%
$1,404–$1,716
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Greensburg, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$860
$1,120
$1,340
$1,560
FY 2026
$810
$940
$1,100
$1,440
$1,730
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$800
$920
$1,110
$1,460
$1,710
FY 2023
$670
$770
$960
$1,290
$1,480
Questions about Greensburg, IN rents
How much will Section 8 pay for a two-bedroom in Greensburg, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,112, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,001 to $1,223 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 Greensburg, IN in?
Greensburg, IN is in the Decatur County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,112.
How much did fair market rent change in Greensburg, IN for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,100 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 16.7%.
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