FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 46167
1.19ratio
FMR$1,230
Market$1,030
vs market+$200
FMR is above market; underwrite to market rent.
1.19
2 BR
2 BR- 46167
0.85ratio
FMR$1,410
Market$1,660
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 46167
1.02ratio
FMR$1,830
Market$1,800
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 46167
1.05ratio
FMR$2,230
Market$2,130
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.05
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
--
Pittsboro, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pittsboro, IN is $1,410 a month. That is down 1.4% from $1,430 in FY 2026. Pittsboro is in the Indianapolis-Carmel, 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 Pittsboro is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pittsboro, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,090
0.0%
$981–$1,199
1BR
$1,230
$1,230
0.0%
$1,107–$1,353
2BR
$1,430
$1,410
−1.4%
$1,269–$1,551
3BR
$1,850
$1,830
−1.1%
$1,647–$2,013
4BR
$2,270
$2,230
−1.8%
$2,007–$2,453
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pittsboro, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,230
$1,410
$1,830
$2,230
FY 2026
$1,090
$1,230
$1,430
$1,850
$2,270
FY 2025
$940
$1,080
$1,260
$1,640
$1,990
FY 2024
$980
$1,150
$1,350
$1,760
$2,130
FY 2023
$790
$920
$1,090
$1,430
$1,710
Questions about Pittsboro, IN rents
How much will Section 8 pay for a two-bedroom in Pittsboro, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 Pittsboro, IN in?
Pittsboro, IN is in the Indianapolis-Carmel, 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 Pittsboro, IN for FY 2027?
The two-bedroom FMR fell 1.4%, from $1,430 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has risen 29.4%.
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