FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR- 46069
0.69ratio
FMR$970
Market$1,400
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.69
2 BR
2 BR- 46069
0.69ratio
FMR$1,120
Market$1,620
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 46069
0.74ratio
FMR$1,450
Market$1,970
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.74
4 BR
4 BR- 46069
0.74ratio
FMR$1,760
Market$2,380
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.74
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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Sheridan, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sheridan, IN is $1,120 a month. That is down 5.1% from $1,180 in FY 2026. Sheridan is in the Clinton 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 $1,063. The median county two-bedroom FMR in Indiana is $1,086, so Sheridan is 3% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sheridan, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$860
−3.4%
$774–$946
1BR
$1,010
$970
−4.0%
$873–$1,067
2BR
$1,180
$1,120
−5.1%
$1,008–$1,232
3BR
$1,520
$1,450
−4.6%
$1,305–$1,595
4BR
$1,860
$1,760
−5.4%
$1,584–$1,936
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sheridan, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$860
$970
$1,120
$1,450
$1,760
FY 2026
$890
$1,010
$1,180
$1,520
$1,860
FY 2025
$890
$1,040
$1,220
$1,590
$1,920
FY 2024
$800
$930
$1,100
$1,430
$1,730
FY 2023
$630
$730
$870
$1,140
$1,370
Questions about Sheridan, IN rents
How much will Section 8 pay for a two-bedroom in Sheridan, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,063, which applies unless the housing authority uses Small Area FMRs, that basic range is $957 to $1,169 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 Sheridan, IN in?
Sheridan, IN is in the Clinton County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,063.
How much did fair market rent change in Sheridan, IN for FY 2027?
The two-bedroom FMR fell 5.1%, from $1,180 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 28.7%.
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