FMR is below market; voucher rent may lag private rents.
0.81
1 BR
1 BR- 47388
0.81ratio
FMR$950
Market$1,180
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 47388
0.96ratio
FMR$1,190
Market$1,240
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
3 BR
3 BR- 47388
1.11ratio
FMR$1,420
Market$1,280
vs market+$140
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR- 47388
1.15ratio
FMR$1,560
Market$1,360
vs market+$200
FMR is above market; underwrite to market rent.
1.15
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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Sulphur Springs, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sulphur Springs, IN is $1,190 a month. That is up 7.2% from $1,110 in FY 2026. Sulphur Springs is in the Henry 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 Sulphur Springs is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sulphur Springs, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$940
+5.6%
$846–$1,034
1BR
$900
$950
+5.6%
$855–$1,045
2BR
$1,110
$1,190
+7.2%
$1,071–$1,309
3BR
$1,330
$1,420
+6.8%
$1,278–$1,562
4BR
$1,470
$1,560
+6.1%
$1,404–$1,716
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sulphur Springs, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$940
$950
$1,190
$1,420
$1,560
FY 2026
$890
$900
$1,110
$1,330
$1,470
FY 2025
$800
$810
$1,020
$1,240
$1,370
FY 2024area FMR
$678
$682
$863
$1,083
$1,204
FY 2023area FMR
$648
$652
$826
$1,071
$1,128
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Sulphur Springs, IN rents
How much will Section 8 pay for a two-bedroom in Sulphur Springs, 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 Sulphur Springs, IN in?
Sulphur Springs, IN is in the Henry 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 Sulphur Springs, 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 2025 it has risen 16.7%.
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