FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 47146
1.03ratio
FMR$990
Market$960
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR- 47146
0.94ratio
FMR$1,190
Market$1,260
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 47146
0.86ratio
FMR$1,520
Market$1,760
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.86
4 BR
4 BR- 47146
0.97ratio
FMR$1,750
Market$1,810
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.97
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
--
Mount Saint Francis, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mount Saint Francis, IN is $1,190 a month. That is unchanged from FY 2026. Mount Saint Francis is in the Louisville, KY-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 Mount Saint Francis is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mount Saint Francis, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$910
+1.1%
$819–$1,001
1BR
$980
$990
+1.0%
$891–$1,089
2BR
$1,190
$1,190
0.0%
$1,071–$1,309
3BR
$1,520
$1,520
0.0%
$1,368–$1,672
4BR
$1,770
$1,750
−1.1%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mount Saint Francis, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$990
$1,190
$1,520
$1,750
FY 2026
$900
$980
$1,190
$1,520
$1,770
FY 2025
$940
$1,020
$1,240
$1,600
$1,850
FY 2024
$910
$1,010
$1,220
$1,600
$1,830
FY 2023
$740
$830
$1,000
$1,330
$1,520
Questions about Mount Saint Francis, IN rents
How much will Section 8 pay for a two-bedroom in Mount Saint Francis, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 Mount Saint Francis, IN in?
Mount Saint Francis, IN is in the Louisville, KY-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 Mount Saint Francis, IN for FY 2027?
The two-bedroom FMR was unchanged at $1,190 in FY 2027. Since FY 2023 it has risen 19.0%.
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