For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sharpsville, IN is $1,380 a month. That is up 19.0% from $1,160 in FY 2026. Sharpsville is in the Tipton County, 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 $1,239. The median county two-bedroom FMR in Indiana is $1,086, so Sharpsville is 27% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sharpsville, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$1,050
+19.3%
$945–$1,155
1BR
$880
$1,050
+19.3%
$945–$1,155
2BR
$1,160
$1,380
+19.0%
$1,242–$1,518
3BR
$1,390
$1,640
+18.0%
$1,476–$1,804
4BR
$1,800
$1,810
+0.6%
$1,629–$1,991
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sharpsville, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,050
$1,380
$1,640
$1,810
FY 2026
$880
$880
$1,160
$1,390
$1,800
FY 2025
$740
$750
$960
$1,220
$1,350
FY 2024
$820
$830
$1,020
$1,350
$1,490
FY 2023
$680
$720
$880
$1,200
$1,320
Questions about Sharpsville, IN rents
How much will Section 8 pay for a two-bedroom in Sharpsville, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,239, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,115 to $1,363 a month; under the ZIP-level Small Area FMR of $1,380 it would be $1,242 to $1,518. 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 Sharpsville, IN in?
Sharpsville, IN is in the Tipton County, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,239.
How much did fair market rent change in Sharpsville, IN for FY 2027?
The two-bedroom FMR rose 19.0%, from $1,160 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 56.8%.
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