FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 47870
1.18ratio
FMR$1,190
Market$1,010
vs market+$180
FMR is above market; underwrite to market rent.
1.18
3 BR
3 BR- 47870
1.35ratio
FMR$1,420
Market$1,050
vs market+$370
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR- 47870
1.25ratio
FMR$1,650
Market$1,320
vs market+$330
FMR is above market; underwrite to market rent.
1.25
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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Prairieton, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Prairieton, IN is $1,190 a month. That is up 6.3% from $1,120 in FY 2026. Prairieton is in the Terre Haute, IN HUD Metro 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 metro-wide two-bedroom FMR of $1,164. The median county two-bedroom FMR in Indiana is $1,086, so Prairieton is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Prairieton, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$910
+3.4%
$819–$1,001
1BR
$880
$920
+4.5%
$828–$1,012
2BR
$1,120
$1,190
+6.3%
$1,071–$1,309
3BR
$1,340
$1,420
+6.0%
$1,278–$1,562
4BR
$1,570
$1,650
+5.1%
$1,485–$1,815
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Prairieton, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$920
$1,190
$1,420
$1,650
FY 2026
$880
$880
$1,120
$1,340
$1,570
FY 2025
$790
$800
$1,010
$1,220
$1,410
FY 2024
$750
$780
$980
$1,180
$1,420
FY 2023
$650
$690
$870
$1,060
$1,310
Questions about Prairieton, IN rents
How much will Section 8 pay for a two-bedroom in Prairieton, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,164, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,048 to $1,280 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 Prairieton, IN in?
Prairieton, IN is in the Terre Haute, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,164.
How much did fair market rent change in Prairieton, IN for FY 2027?
The two-bedroom FMR rose 6.3%, from $1,120 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 36.8%.
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