FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 46938
1.24ratio
FMR$930
Market$750
vs market+$180
FMR is above market; underwrite to market rent.
1.24
2 BR
2 BR- 46938
1.10ratio
FMR$1,170
Market$1,060
vs market+$110
FMR is above market; underwrite to market rent.
1.10
3 BR
3 BR- 46938
1.31ratio
FMR$1,530
Market$1,170
vs market+$360
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR- 46938
1.38ratio
FMR$1,720
Market$1,250
vs market+$470
FMR is above market; underwrite to market rent.
1.38
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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Jonesboro, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Jonesboro, IN is $1,170 a month. That is up 7.3% from $1,090 in FY 2026. Jonesboro is in the Grant 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 $1,014. The median county two-bedroom FMR in Indiana is $1,086, so Jonesboro is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Jonesboro, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$860
+7.5%
$774–$946
1BR
$870
$930
+6.9%
$837–$1,023
2BR
$1,090
$1,170
+7.3%
$1,053–$1,287
3BR
$1,430
$1,530
+7.0%
$1,377–$1,683
4BR
$1,610
$1,720
+6.8%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Jonesboro, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$930
$1,170
$1,530
$1,720
FY 2026
$800
$870
$1,090
$1,430
$1,610
FY 2025
$740
$840
$1,050
$1,360
$1,550
FY 2024area FMR
$585
$684
$863
$1,119
$1,285
FY 2023area FMR
$592
$658
$826
$1,068
$1,251
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Jonesboro, IN rents
How much will Section 8 pay for a two-bedroom in Jonesboro, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,170 it would be $1,053 to $1,287. 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 Jonesboro, IN in?
Jonesboro, IN is in the Grant County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Jonesboro, IN for FY 2027?
The two-bedroom FMR rose 7.3%, from $1,090 in FY 2026 to $1,170 in FY 2027. Since FY 2025 it has risen 11.4%.
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