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Hendricks County, IN

CountySAFMR
Found 22 ZIPs
Zillow

County Median Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$830 – $1,780$830 – $1,590
1 BR$940 – $2,000$940 – $1,790
2 BR$1,080 – $2,300$1,190 – $2,070
3 BR$1,400 – $2,980$1,540 – $2,700
4 BR$1,700 – $3,630$1,700 – $3,280
5 BR$2,743Not available
6 BR$3,154Not available
7 BR$3,627Not available
8 BR$4,171Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
2
0.60-1.52
1 BR
3
3
0.78-1.53
2 BR
2
2
2
2
0.58-1.51
3 BR
5
0.74-1.61
4 BR
7
0.86-1.69
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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Hendricks County, IN fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 22 ZIP codes in Hendricks County, IN ranges from $1,080 to $2,300 a month, with a median of $1,505. That is up 2.7% from $1,465 in FY 2026. Hendricks County 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 Hendricks County is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Hendricks County, IN
BedroomsFY 2027Change90–110% range
Studio$1,165+4.5%$1,049–$1,282
1BR$1,305+3.6%$1,175–$1,436
2BR$1,505+2.7%$1,355–$1,656
3BR$1,975+3.4%$1,778–$2,173
4BR$2,385+2.6%$2,147–$2,624

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Hendricks County, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,165$1,305$1,505$1,975$2,385
FY 2026$1,115$1,260$1,465$1,910$2,325
FY 2025$965$1,105$1,325$1,735$2,085
FY 2024$1,000$1,135$1,370$1,800$2,145
FY 2023$770$900$1,065$1,400$1,670

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
46278$2,300+52.8%
46077$2,230+48.2%
46165$2,070+37.5%
46231$1,980+31.6%
46123$1,910+26.9%
46113$1,860+23.6%
46234$1,850+22.9%
46112$1,840+22.3%
46239$1,790+18.9%
46168$1,740+15.6%
46149$1,510+0.3%
46122$1,500−0.3%
46121$1,480−1.7%
46167$1,410−6.3%
46158$1,390−7.6%
46103$1,340−11.0%
46052$1,280−15.0%
46147$1,280−15.0%
46180$1,270−15.6%
47968$1,250−16.9%
46118$1,220−18.9%
46157$1,080−28.2%

Questions about Hendricks County, IN rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,505, that basic range is $1,355 to $1,656 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 Hendricks County, IN in?

Hendricks County, 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 Hendricks County, IN for FY 2027?

The two-bedroom FMR rose 2.7%, from $1,465 in FY 2026 to $1,505 in FY 2027. Since FY 2023 it has risen 41.3%.

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