FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR- 47876
0.97ratio
FMR$780
Market$800
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 47876
1.06ratio
FMR$1,010
Market$950
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 47876
1.00ratio
FMR$1,210
Market$1,210
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR- 47876
1.07ratio
FMR$1,410
Market$1,320
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.07
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
--
Saint Mary of the Woods, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Saint Mary of the Woods, IN is $1,010 a month. That is up 4.1% from $970 in FY 2026. Saint Mary of the Woods 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 Saint Mary of the Woods is 7% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Saint Mary of the Woods, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$780
+2.6%
$702–$858
1BR
$770
$780
+1.3%
$702–$858
2BR
$970
$1,010
+4.1%
$909–$1,111
3BR
$1,160
$1,210
+4.3%
$1,089–$1,331
4BR
$1,360
$1,410
+3.7%
$1,269–$1,551
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Saint Mary of the Woods, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$780
$1,010
$1,210
$1,410
FY 2026
$760
$770
$970
$1,160
$1,360
FY 2025
$730
$730
$930
$1,120
$1,300
FY 2024
$670
$690
$870
$1,050
$1,260
FY 2023
$650
$690
$870
$1,060
$1,310
Questions about Saint Mary of the Woods, IN rents
How much will Section 8 pay for a two-bedroom in Saint Mary of the Woods, 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 $1,010 it would be $909 to $1,111. 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 Saint Mary of the Woods, IN in?
Saint Mary of the Woods, 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 Saint Mary of the Woods, IN for FY 2027?
The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 16.1%.
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