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IN/Boone County/Whitestown

Whitestown, IN

CitySAFMR
Boone County
Found 1 ZIP

City Median Investment Score

92Below average

095130300
BRFMR
Eff. Rent
0 BR$1,780$1,740
1 BR$2,000$1,610
2 BR$2,300$1,850
3 BR$2,980$2,010
4 BR$3,630$2,180
5 BR$4,175Not available
6 BR$4,801Not available
7 BR$5,521Not available
8 BR$6,349Not available

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMR$2,300
Market rentUsed$1,850
Est. payment standard (90%)$2,070
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.02
1 BR
1.24
2 BR
1.24
3 BR
1.48
4 BR
1.67
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Whitestown, IN fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Whitestown, IN is $2,300 a month. That is up 7.0% from $2,150 in FY 2026. Whitestown is in the Indianapolis-Carmel, 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 Whitestown is 112% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Whitestown, IN
BedroomsFY 2027Change90–110% range
Studio$1,780+9.2%$1,602–$1,958
1BR$2,000+8.1%$1,800–$2,200
2BR$2,300+7.0%$2,070–$2,530
3BR$2,980+7.2%$2,682–$3,278
4BR$3,630+6.5%$3,267–$3,993

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Whitestown, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,780$2,000$2,300$2,980$3,630
FY 2026$1,630$1,850$2,150$2,780$3,410
FY 2025$1,330$1,530$1,790$2,330$2,830
FY 2024$1,330$1,540$1,820$2,370$2,870
FY 2023$1,050$1,220$1,450$1,900$2,280

Questions about Whitestown, IN rents

How much will Section 8 pay for a two-bedroom in Whitestown, IN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 Whitestown, IN in?

Whitestown, IN is in the Indianapolis-Carmel, 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 Whitestown, IN for FY 2027?

The two-bedroom FMR rose 7.0%, from $2,150 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 58.6%.

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