FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 47383
0.99ratio
FMR$950
Market$960
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
2 BR
2 BR- 47383
1.16ratio
FMR$1,190
Market$1,030
vs market+$160
FMR is above market; underwrite to market rent.
1.16
3 BR
3 BR- 47383
1.27ratio
FMR$1,490
Market$1,170
vs market+$320
FMR is above market; underwrite to market rent.
1.27
4 BR
4 BR- 47383
1.58ratio
FMR$1,960
Market$1,240
vs market+$720
FMR is above market; underwrite to market rent.
1.58
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
--
Selma, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Selma, IN is $1,190 a month. That is up 7.2% from $1,110 in FY 2026. Selma is in the Randolph County, IN non-metropolitan 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Indiana is $1,086, so Selma is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Selma, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$930
+8.1%
$837–$1,023
1BR
$900
$950
+5.6%
$855–$1,045
2BR
$1,110
$1,190
+7.2%
$1,071–$1,309
3BR
$1,440
$1,490
+3.5%
$1,341–$1,639
4BR
$1,790
$1,960
+9.5%
$1,764–$2,156
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Selma, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$950
$1,190
$1,490
$1,960
FY 2026
$860
$900
$1,110
$1,440
$1,790
FY 2025
$800
$870
$1,070
$1,400
$1,630
FY 2024
$780
$860
$1,050
$1,410
$1,530
FY 2023
$670
$720
$880
$1,190
$1,240
Questions about Selma, IN rents
How much will Section 8 pay for a two-bedroom in Selma, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 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 Selma, IN in?
Selma, IN is in the Randolph County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.
How much did fair market rent change in Selma, IN for FY 2027?
The two-bedroom FMR rose 7.2%, from $1,110 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 35.2%.
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