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Home/IN/Henry County

Henry County, IN

CountySAFMR
Found 23 ZIPs
Zillow

County Median Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$770 – $1,210$640 – $1,210
1 BR$780 – $1,210$780 – $1,210
2 BR$1,010 – $1,520$930 – $1,520
3 BR$1,210 – $1,920$1,130 – $1,920
4 BR$1,340 – $2,020$1,130 – $2,020
5 BR$1,828Not available
6 BR$2,103Not available
7 BR$2,418Not available
8 BR$2,781Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.74-1.51
1 BR
2
2
0.73-1.25
2 BR
2
2
0.83-1.39
3 BR
3
0.92-1.54
4 BR
3
1.15-1.68
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Henry County, IN fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 23 ZIP codes in Henry County, IN ranges from $1,010 to $1,520 a month, with a median of $1,130. That is up 9.7% from $1,030 in FY 2026. Henry County is its own non-metropolitan 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 county-wide two-bedroom FMR of $1,014. The median county two-bedroom FMR in Indiana is $1,086, so Henry County is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Henry County, IN
BedroomsFY 2027Change90–110% range
Studio$900+11.1%$810–$990
1BR$900+8.4%$810–$990
2BR$1,130+9.7%$1,017–$1,243
3BR$1,410+12.8%$1,269–$1,551
4BR$1,590+11.2%$1,431–$1,749

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Henry County, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$900$900$1,130$1,410$1,590
FY 2026$810$830$1,030$1,250$1,430
FY 2025$740$760$960$1,220$1,370
FY 2024$745$840$1,040$1,350$1,520
FY 2023$650$720$880$1,175$1,295

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
47387$1,520+34.5%
46056$1,470+30.1%
47366$1,450+28.3%
47337$1,440+27.4%
46186$1,410+24.8%
47354$1,360+20.4%
47351$1,290+14.2%
46117$1,230+8.8%
47360$1,210+7.1%
47388$1,190+5.3%
47384$1,140+0.9%
47361$1,1300.0%
46148$1,110−1.8%
47302$1,110−1.8%
47356$1,090−3.5%
47334$1,070−5.3%
47386$1,070−5.3%
47344$1,040−8.0%
47327$1,010−10.6%
47346$1,010−10.6%
47352$1,010−10.6%
47362$1,010−10.6%
47385$1,010−10.6%

Questions about Henry County, IN rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 Henry County, IN in?

Henry County, IN is its own non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,014.

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

The two-bedroom FMR rose 9.7%, from $1,030 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 28.4%.

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