Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Romney, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Romney, IN is $1,250 a month. That is up 6.8% from $1,170 in FY 2026. Romney is in the Lafayette-West Lafayette, 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 $1,273. The median county two-bedroom FMR in Indiana is $1,086, so Romney is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Romney, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$870
$960
+10.3%
$864–$1,056
1BR
$980
$1,060
+8.2%
$954–$1,166
2BR
$1,170
$1,250
+6.8%
$1,125–$1,375
3BR
$1,440
$1,530
+6.3%
$1,377–$1,683
4BR
$1,830
$2,010
+9.8%
$1,809–$2,211
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Romney, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,060
$1,250
$1,530
$2,010
FY 2026
$870
$980
$1,170
$1,440
$1,830
FY 2025
$820
$960
$1,160
$1,430
$1,710
FY 2024
$720
$830
$970
$1,200
$1,500
FY 2023
$730
$840
$980
$1,210
$1,520
Questions about Romney, IN rents
How much will Section 8 pay for a two-bedroom in Romney, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,273, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,146 to $1,400 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. 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 Romney, IN in?
Romney, IN is in the Lafayette-West Lafayette, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,273.
How much did fair market rent change in Romney, IN for FY 2027?
The two-bedroom FMR rose 6.8%, from $1,170 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 27.6%.
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