FMR is below market; voucher rent may lag private rents.
0.53
1 BR
1 BR- 46355
0.60ratio
FMR$1,170
Market$1,960
vs market-$790
FMR is below market; voucher rent may lag private rents.
0.60
2 BR
2 BR- 46355
0.60ratio
FMR$1,420
Market$2,370
vs market-$950
FMR is below market; voucher rent may lag private rents.
0.60
3 BR
3 BR- 46355
0.62ratio
FMR$1,730
Market$2,770
vs market-$1,040
FMR is below market; voucher rent may lag private rents.
0.62
4 BR
4 BR- 46355
0.64ratio
FMR$1,890
Market$2,960
vs market-$1,070
FMR is below market; voucher rent may lag private rents.
0.64
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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Leroy, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Leroy, IN is $1,420 a month. That is up 8.4% from $1,310 in FY 2026. Leroy is in the Gary, 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 Leroy is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Leroy, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$950
$1,110
+16.8%
$999–$1,221
1BR
$1,080
$1,170
+8.3%
$1,053–$1,287
2BR
$1,310
$1,420
+8.4%
$1,278–$1,562
3BR
$1,600
$1,730
+8.1%
$1,557–$1,903
4BR
$1,730
$1,890
+9.2%
$1,701–$2,079
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Leroy, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,110
$1,170
$1,420
$1,730
$1,890
FY 2026
$950
$1,080
$1,310
$1,600
$1,730
FY 2025
$850
$980
$1,190
$1,470
$1,580
FY 2024
$870
$1,020
$1,250
$1,530
$1,670
FY 2023
$670
$810
$990
$1,220
$1,350
Questions about Leroy, IN rents
How much will Section 8 pay for a two-bedroom in Leroy, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,420, that basic range is $1,278 to $1,562 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 Leroy, IN in?
Leroy, IN is in the Gary, 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 Leroy, IN for FY 2027?
The two-bedroom FMR rose 8.4%, from $1,310 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 43.4%.
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