FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 46995
1.18ratio
FMR$1,180
Market$1,000
vs market+$180
FMR is above market; underwrite to market rent.
1.18
3 BR
3 BR- 46995
0.97ratio
FMR$1,420
Market$1,460
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR- 46995
0.91ratio
FMR$1,640
Market$1,810
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
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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West Middleton, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in West Middleton, IN is $1,180 a month. That is up 5.4% from $1,120 in FY 2026. West Middleton is in the Kokomo, IN MSA. 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 $1,179. The median county two-bedroom FMR in Indiana is $1,086, so West Middleton is 9% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for West Middleton, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$910
+3.4%
$819–$1,001
1BR
$890
$920
+3.4%
$828–$1,012
2BR
$1,120
$1,180
+5.4%
$1,062–$1,298
3BR
$1,380
$1,420
+2.9%
$1,278–$1,562
4BR
$1,560
$1,640
+5.1%
$1,476–$1,804
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for West Middleton, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$920
$1,180
$1,420
$1,640
FY 2026
$880
$890
$1,120
$1,380
$1,560
FY 2025
$810
$810
$1,020
$1,280
$1,430
FY 2024
$790
$790
$980
$1,300
$1,430
FY 2023
$680
$720
$880
$1,200
$1,320
Questions about West Middleton, IN rents
How much will Section 8 pay for a two-bedroom in West Middleton, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,179, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,061 to $1,297 a month; under the ZIP-level Small Area FMR of $1,180 it would be $1,062 to $1,298. 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 West Middleton, IN in?
West Middleton, IN is in the Kokomo, IN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,179.
How much did fair market rent change in West Middleton, IN for FY 2027?
The two-bedroom FMR rose 5.4%, from $1,120 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 34.1%.
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