County Median Investment Score
100Above average
| BR | FMR | Eff. Rent | 3Y CAGR |
|---|---|---|---|
| 0 BR | $750 – $1,070▲ | $750 – $1,070 | 7.9% |
| 1 BR | $830 – $1,110▲ | $830 – $1,110 | 4.7% |
| 2 BR | $1,010 – $1,380▲ | $1,010 – $1,380 | 3.8% |
| 3 BR | $1,210 – $1,720▲ | $1,210 – $1,720 | 3.4% |
| 4 BR | $1,370 – $1,830▲ | $1,370 – $1,830 | 4.4% |
| 5 BR | $1,857▲ | —Not available | 4.4% |
| 6 BR | $2,136▲ | —Not available | 4.4% |
| 7 BR | $2,456▲ | —Not available | 4.4% |
| 8 BR | $2,825▲ | —Not available | 4.4% |
Public Housing Authority
Rolodex
Market Alignment
Not enough rental comps in this area to determine how FMR aligns with current market rates.
- FMR
- FY2027
- Property value
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- Tax rate
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- Mortgage rate
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Newton County, IN fair market rent, FY 2027
For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 14 ZIP codes in Newton County, IN ranges from $1,010 to $1,380 a month, with a median of $1,190. That is up 5.8% from $1,125 in FY 2026. Newton County is in the Gary, 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 Newton County is 10% above it.
FY 2027 rent by bedroom
| Bedrooms | FY 2026 | FY 2027 | Change | 90–110% range |
|---|---|---|---|---|
| Studio | $830 | $930 | +12.0% | $837–$1,023 |
| 1BR | $885 | $975 | +10.2% | $878–$1,073 |
| 2BR | $1,125 | $1,190 | +5.8% | $1,071–$1,309 |
| 3BR | $1,400 | $1,450 | +3.6% | $1,305–$1,595 |
| 4BR | $1,505 | $1,615 | +7.3% | $1,454–$1,777 |
Fair market rent history, FY 2023–2027
| Fiscal year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY 2027 | $930 | $975 | $1,190 | $1,450 | $1,615 |
| FY 2026 | $830 | $885 | $1,125 | $1,400 | $1,505 |
| FY 2025 | $745 | $850 | $1,035 | $1,280 | $1,400 |
| FY 2024 | $740 | $850 | $1,065 | $1,310 | $1,420 |
| FY 2023 | $595 | $695 | $840 | $1,035 | $1,200 |
Two-bedroom rent by ZIP code
| ZIP code | 2 bedroom | vs. median |
|---|---|---|
| 46381 | $1,380 | +16.0% |
| 46310 | $1,320 | +10.9% |
| 47978 | $1,320 | +10.9% |
| 47922 | $1,310 | +10.1% |
| 46379 | $1,270 | +6.7% |
| 47943 | $1,240 | +4.2% |
| 46349 | $1,200 | +0.8% |
| 46341 | $1,180 | −0.8% |
| 46372 | $1,150 | −3.4% |
| 47964 | $1,120 | −5.9% |
| 47951 | $1,070 | −10.1% |
| 47963 | $1,070 | −10.1% |
| 47942 | $1,010 | −15.1% |
| 47948 | $1,010 | −15.1% |
Questions about Newton County, IN rents
How much will Section 8 pay for a two-bedroom in Newton County, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 Newton County, IN in?
Newton County, IN is in the Gary, 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 Newton County, IN for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,125 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 41.7%.
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