FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 46393
0.98ratio
FMR$1,230
Market$1,250
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR- 46393
1.01ratio
FMR$1,490
Market$1,480
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 46393
0.88ratio
FMR$1,810
Market$2,060
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 46393
0.78ratio
FMR$1,970
Market$2,520
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.78
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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Wheeler, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Wheeler, IN is $1,490 a month. That is up 7.2% from $1,390 in FY 2026. Wheeler is in the Gary, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Indiana is $1,086, so Wheeler is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Wheeler, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,010
$1,160
+14.9%
$1,044–$1,276
1BR
$1,140
$1,230
+7.9%
$1,107–$1,353
2BR
$1,390
$1,490
+7.2%
$1,341–$1,639
3BR
$1,700
$1,810
+6.5%
$1,629–$1,991
4BR
$1,830
$1,970
+7.7%
$1,773–$2,167
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Wheeler, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,160
$1,230
$1,490
$1,810
$1,970
FY 2026
$1,010
$1,140
$1,390
$1,700
$1,830
FY 2025
$910
$1,040
$1,260
$1,550
$1,680
FY 2024
$890
$1,050
$1,280
$1,580
$1,720
FY 2023
$690
$830
$1,020
$1,250
$1,390
Questions about Wheeler, IN rents
How much will Section 8 pay for a two-bedroom in Wheeler, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,490, that basic range is $1,341 to $1,639 a month. 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 Wheeler, IN in?
Wheeler, IN is in the Gary, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Wheeler, IN for FY 2027?
The two-bedroom FMR rose 7.2%, from $1,390 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 46.1%.
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