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Home/IN/Carroll County

Carroll County, IN

CountySAFMR
Found 20 ZIPs
Zillow

County Median Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$750 – $980$750 – $1,080
1 BR$780 – $1,110$780 – $1,190
2 BR$1,010 – $1,320$960 – $1,450
3 BR$1,220 – $1,570$1,050 – $1,680
4 BR$1,380 – $2,210$1,110 – $2,030
5 BR$1,662Not available
6 BR$1,911Not available
7 BR$2,198Not available
8 BR$2,527Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
1
0.78-1.09
1 BR
2
0.90-1.09
2 BR
1
1
1
1
0.82-1.07
3 BR
1
1
1
1
0.90-1.30
4 BR
1
1
1
1
1.09-1.41
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Carroll County, IN fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 20 ZIP codes in Carroll County, IN ranges from $1,010 to $1,320 a month, with a median of $1,060. That is up 4.4% from $1,015 in FY 2026. Carroll County is in the Carroll County, IN HUD Metro 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 metro-wide two-bedroom FMR of $1,027. The median county two-bedroom FMR in Indiana is $1,086, so Carroll County is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Carroll County, IN
BedroomsFY 2027Change90–110% range
Studio$830+10.7%$747–$913
1BR$850+8.3%$765–$935
2BR$1,060+4.4%$954–$1,166
3BR$1,325+5.2%$1,193–$1,458
4BR$1,445+6.3%$1,301–$1,590

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Carroll County, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$850$1,060$1,325$1,445
FY 2026$750$785$1,015$1,260$1,360
FY 2025$720$755$965$1,225$1,290
FY 2024$670$670$875$1,130$1,185
FY 2023$670$685$890$1,115$1,220

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
47905$1,320+24.5%
47920$1,190+12.3%
46979$1,180+11.3%
46065$1,170+10.4%
46923$1,120+5.7%
47926$1,110+4.7%
47950$1,110+4.7%
47960$1,110+4.7%
47923$1,090+2.8%
46920$1,080+1.9%
46041$1,040−1.9%
46913$1,040−1.9%
46917$1,040−1.9%
46916$1,030−2.8%
46947$1,030−2.8%
46977$1,030−2.8%
46929$1,020−3.8%
46932$1,020−3.8%
46915$1,010−4.7%
47997$1,010−4.7%

Questions about Carroll County, IN rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,027, which applies unless the housing authority uses Small Area FMRs, that basic range is $924 to $1,130 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 Carroll County, IN in?

Carroll County, IN is in the Carroll County, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,027.

How much did fair market rent change in Carroll County, IN for FY 2027?

The two-bedroom FMR rose 4.4%, from $1,015 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 19.1%.

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

IN statewide rentsWhat is SAFMR?Data sources