Home/IN/Boone County
Boone County, IN
CountySAFMR
Found 17 ZIPs
BRFMR
Eff. Rent
0 BR$810 – $1,630$730 – $1,170
1 BR$940 – $1,850$890 – $1,310
2 BR$1,100 – $2,150$1,100 – $1,660
3 BR$1,440 – $2,780$1,170 – $1,850
4 BR$1,730 – $3,410$1,330 – $2,210
5 BR$2,323
6 BR$2,671
7 BR$3,072
8 BR$3,533

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.64ratio
FMR$890
Market$1,400
vs market-$510

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
0.67ratio
FMR$960
Market$1,430
vs market-$470

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
0.82ratio
FMR$930
Market$1,140
vs market-$210

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
0.94ratio
FMR$1,630
Market$1,740
vs market-$110

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
Studio· 1 ZIP
0.98ratio
FMR$810
Market$830
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
Studio· 2 ZIPs
1.04–1.05ratio range
Median FMR$1,125
Median Market$1,080
vs market+$45

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
Studio· 2 ZIPs
1.12–1.13ratio range
Median FMR$1,460
Median Market$1,300
vs market+$160

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2
Studio· 1 ZIP
1.23ratio
FMR$900
Market$730
vs market+$170

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
Studio· 1 ZIP
1.32ratio
FMR$1,320
Market$1,000
vs market+$320

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.64–1.32
1 BR
1 BR· 2 ZIPs
0.72ratio range
Median FMR$1,050
Median Market$1,455
vs market-$405

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
1 BR· 1 ZIP
0.88ratio
FMR$1,060
Market$1,210
vs market-$150

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 1 ZIP
1.06ratio
FMR$940
Market$890
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 2 ZIPs
1.13–1.15ratio range
Median FMR$1,665
Median Market$1,460
vs market+$205

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2
1 BR· 4 ZIPs
1.17–1.19ratio range
Median FMR$1,275
Median Market$1,070
vs market+$205

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4
1 BR· 1 ZIP
1.43ratio
FMR$1,500
Market$1,050
vs market+$450

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.72–1.43
2 BR
2 BR· 1 ZIP
0.73ratio
FMR$1,180
Market$1,620
vs market-$440

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
2 BR· 2 ZIPs
0.86–0.87ratio range
Median FMR$1,330
Median Market$1,535
vs market-$205

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2
2 BR· 2 ZIPs
0.98–0.99ratio range
Median FMR$1,315
Median Market$1,335
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
2 BR· 1 ZIP
1.04ratio
FMR$1,740
Market$1,680
vs market+$60

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
2 BR· 1 ZIP
1.10ratio
FMR$1,230
Market$1,120
vs market+$110

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
2 BR· 2 ZIPs
1.13ratio range
Median FMR$1,920
Median Market$1,700
vs market+$220

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2
2 BR· 1 ZIP
1.16ratio
FMR$2,150
Market$1,850
vs market+$300

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.73–1.16
3 BR
3 BR· 1 ZIP
0.77ratio
FMR$1,520
Market$1,970
vs market-$450

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

3 BR· 1 ZIP
0.82ratio
FMR$1,590
Market$1,950
vs market-$360

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

3 BR· 1 ZIP
1.03ratio
FMR$1,850
Market$1,800
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 1 ZIP
1.10ratio
FMR$1,980
Market$1,800
vs market+$180

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 4 ZIPs
1.21–1.23ratio range
Median FMR$1,920
Median Market$1,585
vs market+$335

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4
3 BR· 1 ZIP
1.32ratio
FMR$2,750
Market$2,080
vs market+$670

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 1 ZIP
1.38ratio
FMR$2,780
Market$2,010
vs market+$770

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.77–1.38
4 BR
4 BR· 1 ZIP
0.78ratio
FMR$1,860
Market$2,380
vs market-$520

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

4 BR· 1 ZIP
0.90ratio
FMR$1,950
Market$2,160
vs market-$210

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 2 ZIPs
1.07–1.10ratio range
Median FMR$2,350
Median Market$2,170
vs market+$180

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
4 BR· 2 ZIPs
1.26–1.27ratio range
Median FMR$2,745
Median Market$2,170
vs market+$575

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2
4 BR· 1 ZIP
1.30ratio
FMR$1,730
Market$1,330
vs market+$400

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 3 ZIPs
1.45–1.56ratio range
Median FMR$3,370
Median Market$2,180
vs market+$1,190

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3
0.78–1.56
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for Boone County, IN (IN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.