Indiana (IN)

STATESAFMR

Found 931 ZIPs

State Median Investment Score

92Below average

095130300

BR	Rent	3Y CAGR
0 BR	$706 - $1,780Median: $866	6.7%
1 BR	$775 - $2,000Median: $896	5.4%
2 BR	$1,010 - $2,300Median: $1,134	5.5%
3 BR	$1,208 - $2,980Median: $1,387	4.7%
4 BR	$1,333 - $3,630Median: $1,610	4.8%

Market Alignment

Studio

Studio- 18 ZIPs

0.47-0.63ratio range

Median FMR$863

Median Market$1,580

vs market-$717

FMR is below market; voucher rent may lag private rents.

Studio- 5 ZIPs

0.65-0.68ratio range

Median FMR$818

Median Market$1,260

vs market-$442

FMR is below market; voucher rent may lag private rents.

Studio- 13 ZIPs

0.69-0.72ratio range

Median FMR$990

Median Market$1,420

vs market-$430

FMR is below market; voucher rent may lag private rents.

Studio- 11 ZIPs

0.74-0.77ratio range

Median FMR$942

Median Market$1,250

vs market-$308

FMR is below market; voucher rent may lag private rents.

Studio- 18 ZIPs

0.77-0.81ratio range

Median FMR$960

Median Market$1,240

vs market-$280

FMR is below market; voucher rent may lag private rents.

Studio- 12 ZIPs

0.82-0.86ratio range

Median FMR$972

Median Market$1,155

vs market-$184

FMR is below market; voucher rent may lag private rents.

Studio- 30 ZIPs

0.86-0.90ratio range

Median FMR$910

Median Market$1,025

vs market-$115

FMR is below market; voucher rent may lag private rents.

Studio- 26 ZIPs

0.90-0.94ratio range

Median FMR$937

Median Market$1,005

vs market-$68

FMR is near market; voucher and private rents are aligned.

Studio- 18 ZIPs

0.94-0.98ratio range

Median FMR$944

Median Market$970

vs market-$27

FMR is near market; voucher and private rents are aligned.

Studio- 30 ZIPs

0.98-1.02ratio range

Median FMR$942

Median Market$940

vs market+$2

FMR is near market; voucher and private rents are aligned.

Studio- 20 ZIPs

1.02-1.06ratio range

Median FMR$920

Median Market$885

vs market+$35

FMR is near market; voucher and private rents are aligned.

Studio- 23 ZIPs

1.06-1.10ratio range

Median FMR$1,040

Median Market$970

vs market+$70

FMR is near market; voucher and private rents are aligned.

Studio- 51 ZIPs

1.11-1.15ratio range

Median FMR$1,030

Median Market$900

vs market+$130

FMR is above market; underwrite to market rent.

Studio- 47 ZIPs

1.15-1.20ratio range

Median FMR$909

Median Market$780

vs market+$129

FMR is above market; underwrite to market rent.

Studio- 21 ZIPs

1.20-1.24ratio range

Median FMR$1,060

Median Market$880

vs market+$180

FMR is above market; underwrite to market rent.

Studio- 14 ZIPs

1.25-1.29ratio range

Median FMR$1,160

Median Market$920

vs market+$240

FMR is above market; underwrite to market rent.

Studio- 7 ZIPs

1.31-1.34ratio range

Median FMR$1,100

Median Market$830

vs market+$270

FMR is above market; underwrite to market rent.

Studio- 20 ZIPs

1.36-1.52ratio range

Median FMR$1,300

Median Market$915

vs market+$385

FMR is above market; underwrite to market rent.

0.47-1.52

1 BR

1 BR- 10 ZIPs

0.49-0.64ratio range

Median FMR$833

Median Market$1,345

vs market-$512

FMR is below market; voucher rent may lag private rents.

1 BR- 8 ZIPs

0.66-0.68ratio range

Median FMR$983

Median Market$1,470

vs market-$487

FMR is below market; voucher rent may lag private rents.

1 BR- 6 ZIPs

0.69-0.70ratio range

Median FMR$942

Median Market$1,350

vs market-$408

FMR is below market; voucher rent may lag private rents.

1 BR- 8 ZIPs

0.73-0.76ratio range

Median FMR$1,023

Median Market$1,390

vs market-$367

FMR is below market; voucher rent may lag private rents.

1 BR- 15 ZIPs

0.77-0.81ratio range

Median FMR$913

Median Market$1,160

vs market-$247

FMR is below market; voucher rent may lag private rents.

1 BR- 22 ZIPs

0.82-0.86ratio range

Median FMR$1,083

Median Market$1,290

vs market-$207

FMR is below market; voucher rent may lag private rents.

1 BR- 20 ZIPs

0.86-0.90ratio range

Median FMR$1,040

Median Market$1,180

vs market-$140

FMR is below market; voucher rent may lag private rents.

1 BR- 31 ZIPs

0.90-0.94ratio range

Median FMR$1,070

Median Market$1,140

vs market-$70

FMR is near market; voucher and private rents are aligned.

1 BR- 37 ZIPs

0.94-0.98ratio range

Median FMR$990

Median Market$1,040

vs market-$50

FMR is near market; voucher and private rents are aligned.

1 BR- 62 ZIPs

0.98-1.02ratio range

Median FMR$1,030

Median Market$1,030

vs market+$0

FMR is near market; voucher and private rents are aligned.

1 BR- 34 ZIPs

1.02-1.06ratio range

Median FMR$1,070

Median Market$1,020

vs market+$50

FMR is near market; voucher and private rents are aligned.

1 BR- 41 ZIPs

1.06-1.10ratio range

Median FMR$872

Median Market$800

vs market+$72

FMR is near market; voucher and private rents are aligned.

1 BR- 26 ZIPs

1.10-1.15ratio range

Median FMR$1,093

Median Market$975

vs market+$118

FMR is above market; underwrite to market rent.

1 BR- 18 ZIPs

1.15-1.19ratio range

Median FMR$1,395

Median Market$1,175

vs market+$220

FMR is above market; underwrite to market rent.

1 BR- 15 ZIPs

1.20-1.24ratio range

Median FMR$1,370

Median Market$1,110

vs market+$260

FMR is above market; underwrite to market rent.

1 BR- 12 ZIPs

1.25-1.30ratio range

Median FMR$1,313

Median Market$1,025

vs market+$288

FMR is above market; underwrite to market rent.

1 BR- 7 ZIPs

1.30-1.34ratio range

Median FMR$1,290

Median Market$980

vs market+$310

FMR is above market; underwrite to market rent.

1 BR- 15 ZIPs

1.36-1.60ratio range

Median FMR$1,700

Median Market$1,140

vs market+$560

FMR is above market; underwrite to market rent.

0.49-1.60

2 BR

2 BR- 8 ZIPs

0.56-0.64ratio range

Median FMR$1,190

Median Market$2,000

vs market-$811

FMR is below market; voucher rent may lag private rents.

2 BR- 3 ZIPs

0.64-0.69ratio range

Median FMR$1,127

Median Market$1,700

vs market-$573

FMR is below market; voucher rent may lag private rents.

2 BR- 4 ZIPs

0.69-0.72ratio range

Median FMR$1,170

Median Market$1,660

vs market-$490

FMR is below market; voucher rent may lag private rents.

2 BR- 14 ZIPs

0.73-0.77ratio range

Median FMR$1,201

Median Market$1,595

vs market-$394

FMR is below market; voucher rent may lag private rents.

2 BR- 7 ZIPs

0.78-0.81ratio range

Median FMR$1,273

Median Market$1,590

vs market-$317

FMR is below market; voucher rent may lag private rents.

2 BR- 17 ZIPs

0.82-0.86ratio range

Median FMR$1,300

Median Market$1,550

vs market-$250

FMR is below market; voucher rent may lag private rents.

2 BR- 19 ZIPs

0.86-0.90ratio range

Median FMR$1,310

Median Market$1,500

vs market-$190

FMR is below market; voucher rent may lag private rents.

2 BR- 37 ZIPs

0.90-0.94ratio range

Median FMR$1,273

Median Market$1,380

vs market-$107

FMR is near market; voucher and private rents are aligned.

2 BR- 29 ZIPs

0.94-0.98ratio range

Median FMR$1,190

Median Market$1,250

vs market-$60

FMR is near market; voucher and private rents are aligned.

2 BR- 33 ZIPs

0.98-1.02ratio range

Median FMR$1,273

Median Market$1,270

vs market+$3

FMR is near market; voucher and private rents are aligned.

2 BR- 30 ZIPs

1.02-1.06ratio range

Median FMR$1,343

Median Market$1,300

vs market+$43

FMR is near market; voucher and private rents are aligned.

2 BR- 30 ZIPs

1.06-1.10ratio range

Median FMR$1,276

Median Market$1,185

vs market+$91

FMR is near market; voucher and private rents are aligned.

2 BR- 53 ZIPs

1.10-1.15ratio range

Median FMR$1,250

Median Market$1,090

vs market+$160

FMR is above market; underwrite to market rent.

2 BR- 32 ZIPs

1.15-1.20ratio range

Median FMR$1,415

Median Market$1,195

vs market+$220

FMR is above market; underwrite to market rent.

2 BR- 35 ZIPs

1.20-1.24ratio range

Median FMR$1,127

Median Market$920

vs market+$207

FMR is above market; underwrite to market rent.

2 BR- 13 ZIPs

1.25-1.30ratio range

Median FMR$1,490

Median Market$1,150

vs market+$340

FMR is above market; underwrite to market rent.

2 BR- 5 ZIPs

1.30-1.34ratio range

Median FMR$1,331

Median Market$990

vs market+$341

FMR is above market; underwrite to market rent.

2 BR- 15 ZIPs

1.35-1.57ratio range

Median FMR$1,331

Median Market$970

vs market+$361

FMR is above market; underwrite to market rent.

0.56-1.57

3 BR

3 BR- 4 ZIPs

0.58-0.64ratio range

Median FMR$1,601

Median Market$2,620

vs market-$1,019

FMR is below market; voucher rent may lag private rents.

3 BR- 6 ZIPs

0.65-0.68ratio range

Median FMR$1,601

Median Market$2,460

vs market-$859

FMR is below market; voucher rent may lag private rents.

3 BR- 4 ZIPs

0.70-0.72ratio range

Median FMR$1,309

Median Market$1,845

vs market-$537

FMR is below market; voucher rent may lag private rents.

3 BR- 8 ZIPs

0.74-0.77ratio range

Median FMR$1,435

Median Market$1,925

vs market-$490

FMR is below market; voucher rent may lag private rents.

3 BR- 8 ZIPs

0.77-0.81ratio range

Median FMR$1,590

Median Market$1,985

vs market-$395

FMR is below market; voucher rent may lag private rents.

3 BR- 11 ZIPs

0.82-0.86ratio range

Median FMR$1,517

Median Market$1,830

vs market-$313

FMR is below market; voucher rent may lag private rents.

3 BR- 22 ZIPs

0.86-0.90ratio range

Median FMR$1,645

Median Market$1,870

vs market-$225

FMR is below market; voucher rent may lag private rents.

3 BR- 13 ZIPs

0.90-0.93ratio range

Median FMR$1,438

Median Market$1,580

vs market-$142

FMR is near market; voucher and private rents are aligned.

3 BR- 48 ZIPs

0.94-0.98ratio range

Median FMR$1,540

Median Market$1,620

vs market-$80

FMR is near market; voucher and private rents are aligned.

3 BR- 26 ZIPs

0.98-1.02ratio range

Median FMR$1,531

Median Market$1,535

vs market-$4

FMR is near market; voucher and private rents are aligned.

3 BR- 27 ZIPs

1.03-1.06ratio range

Median FMR$1,545

Median Market$1,480

vs market+$65

FMR is near market; voucher and private rents are aligned.

3 BR- 44 ZIPs

1.06-1.10ratio range

Median FMR$1,653

Median Market$1,535

vs market+$118

FMR is near market; voucher and private rents are aligned.

3 BR- 38 ZIPs

1.10-1.15ratio range

Median FMR$1,503

Median Market$1,345

vs market+$158

FMR is above market; underwrite to market rent.

3 BR- 43 ZIPs

1.15-1.20ratio range

Median FMR$1,387

Median Market$1,160

vs market+$227

FMR is above market; underwrite to market rent.

3 BR- 18 ZIPs

1.20-1.25ratio range

Median FMR$1,732

Median Market$1,405

vs market+$327

FMR is above market; underwrite to market rent.

3 BR- 17 ZIPs

1.25-1.30ratio range

Median FMR$1,525

Median Market$1,210

vs market+$315

FMR is above market; underwrite to market rent.

3 BR- 12 ZIPs

1.30-1.34ratio range

Median FMR$1,520

Median Market$1,150

vs market+$370

FMR is above market; underwrite to market rent.

3 BR- 35 ZIPs

1.35-1.82ratio range

Median FMR$2,200

Median Market$1,620

vs market+$580

FMR is above market; underwrite to market rent.

0.58-1.82

4 BR

4 BR- 5 ZIPs

0.41-0.64ratio range

Median FMR$1,890

Median Market$2,960

vs market-$1,070

FMR is below market; voucher rent may lag private rents.

4 BR- 5 ZIPs

0.65-0.68ratio range

Median FMR$1,677

Median Market$2,600

vs market-$923

FMR is below market; voucher rent may lag private rents.

4 BR- 7 ZIPs

0.69-0.73ratio range

Median FMR$1,932

Median Market$2,680

vs market-$748

FMR is below market; voucher rent may lag private rents.

4 BR- 14 ZIPs

0.73-0.77ratio range

Median FMR$1,825

Median Market$2,425

vs market-$600

FMR is below market; voucher rent may lag private rents.

4 BR- 13 ZIPs

0.77-0.81ratio range

Median FMR$1,677

Median Market$2,150

vs market-$473

FMR is below market; voucher rent may lag private rents.

4 BR- 7 ZIPs

0.82-0.85ratio range

Median FMR$1,749

Median Market$2,080

vs market-$331

FMR is below market; voucher rent may lag private rents.

4 BR- 18 ZIPs

0.86-0.90ratio range

Median FMR$1,679

Median Market$1,935

vs market-$257

FMR is below market; voucher rent may lag private rents.

4 BR- 44 ZIPs

0.90-0.94ratio range

Median FMR$1,680

Median Market$1,830

vs market-$150

FMR is near market; voucher and private rents are aligned.

4 BR- 14 ZIPs

0.94-0.98ratio range

Median FMR$1,714

Median Market$1,770

vs market-$57

FMR is near market; voucher and private rents are aligned.

4 BR- 18 ZIPs

0.98-1.02ratio range

Median FMR$1,910

Median Market$1,905

vs market+$5

FMR is near market; voucher and private rents are aligned.

4 BR- 17 ZIPs

1.02-1.06ratio range

Median FMR$1,940

Median Market$1,880

vs market+$60

FMR is near market; voucher and private rents are aligned.

4 BR- 29 ZIPs

1.06-1.10ratio range

Median FMR$1,677

Median Market$1,580

vs market+$97

FMR is near market; voucher and private rents are aligned.

4 BR- 21 ZIPs

1.10-1.14ratio range

Median FMR$2,020

Median Market$1,800

vs market+$220

FMR is above market; underwrite to market rent.

4 BR- 34 ZIPs

1.15-1.20ratio range

Median FMR$2,230

Median Market$1,915

vs market+$315

FMR is above market; underwrite to market rent.

4 BR- 44 ZIPs

1.20-1.25ratio range

Median FMR$1,534

Median Market$1,270

vs market+$264

FMR is above market; underwrite to market rent.

4 BR- 27 ZIPs

1.25-1.30ratio range

Median FMR$1,749

Median Market$1,390

vs market+$359

FMR is above market; underwrite to market rent.

4 BR- 16 ZIPs

1.30-1.35ratio range

Median FMR$2,395

Median Market$1,795

vs market+$600

FMR is above market; underwrite to market rent.

4 BR- 50 ZIPs

1.36-1.90ratio range

Median FMR$2,050

Median Market$1,360

vs market+$690

FMR is above market; underwrite to market rent.

0.41-1.90

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Indiana.

Browse rankings

Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

View insights

Counties

Ranked by Investment Score (vs state median)

County map

Loading map

Indiana fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 92 counties in Indiana. The median county two-bedroom FMR is $1,086. That is up 7.6% from $1,009 in FY 2026. Two-bedroom FMRs run from $1,014 in Wayne County to $1,536 in Boone County. 25 HUD metropolitan FMR areas cover 44 of those counties; each county in the same metro area shares one FMR. 315 ZIP codes in 10 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Indiana
County	2BR	Change	HUD FMR area
Boone County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Brown County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Hamilton County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Hancock County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Hendricks County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Johnson County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Marion County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Morgan County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Shelby County	$1,536	+4.3%	Indianapolis-Carmel, IN HUD Metro FMR Area
Bartholomew County	$1,493	+5.5%	Columbus, IN MSA
Dearborn County	$1,442	+6.6%	Cincinnati, OH-KY-IN HUD Metro FMR Area
Ohio County	$1,442	+6.6%	Cincinnati, OH-KY-IN HUD Metro FMR Area
Lake County	$1,429	+8.5%	Gary, IN HUD Metro FMR Area
Newton County	$1,429	+8.5%	Gary, IN HUD Metro FMR Area
Porter County	$1,429	+8.5%	Gary, IN HUD Metro FMR Area
Jasper County	$1,349	+14.9%	Jasper County, IN HUD Metro FMR Area
Madison County	$1,331	+10.4%	Anderson, IN HUD Metro FMR Area
Clark County	$1,276	+0.3%	Louisville, KY-IN HUD Metro FMR Area
Floyd County	$1,276	+0.3%	Louisville, KY-IN HUD Metro FMR Area
Harrison County	$1,276	+0.3%	Louisville, KY-IN HUD Metro FMR Area
St. Joseph County	$1,276	−1.2%	South Bend-Mishawaka, IN HUD Metro FMR Area
Benton County	$1,273	+2.5%	Lafayette-West Lafayette, IN HUD Metro FMR Area
Tippecanoe County	$1,273	+2.5%	Lafayette-West Lafayette, IN HUD Metro FMR Area
Elkhart County	$1,253	+5.9%	Elkhart-Goshen, IN MSA
Monroe County	$1,252	+3.5%	Bloomington, IN HUD Metro FMR Area
Allen County	$1,248	+12.1%	Fort Wayne, IN HUD Metro FMR Area
Whitley County	$1,248	+12.1%	Fort Wayne, IN HUD Metro FMR Area
LaPorte County	$1,245	+8.1%	Michigan City-La Porte, IN MSA
Tipton County	$1,239	+11.7%	Tipton County, IN HUD Metro FMR Area
Howard County	$1,179	+5.0%	Kokomo, IN MSA
Clay County	$1,164	+6.4%	Terre Haute, IN HUD Metro FMR Area
Vermillion County	$1,164	+6.4%	Terre Haute, IN HUD Metro FMR Area
Vigo County	$1,164	+6.4%	Terre Haute, IN HUD Metro FMR Area
Kosciusko County	$1,162	+1.8%	Non-metro
Franklin County	$1,148	+2.8%	Franklin County, IN HUD Metro FMR Area
Delaware County	$1,145	+9.8%	Muncie, IN MSA
Jackson County	$1,142	+7.8%	Non-metro
White County	$1,134	+10.1%	Non-metro
Posey County	$1,127	+1.3%	Evansville, IN MSA
Vanderburgh County	$1,127	+1.3%	Evansville, IN MSA
Warrick County	$1,127	+1.3%	Evansville, IN MSA
Decatur County	$1,112	+3.8%	Non-metro
Steuben County	$1,102	+6.4%	Non-metro
Wells County	$1,102	+11.2%	Wells County, IN HUD Metro FMR Area
Daviess County	$1,090	+8.7%	Non-metro
Marshall County	$1,088	+7.9%	Non-metro
Gibson County	$1,083	+8.2%	Non-metro
Sullivan County	$1,067	+3.8%	Sullivan County, IN HUD Metro FMR Area
Clinton County	$1,063	+5.6%	Non-metro
Putnam County	$1,056	+2.5%	Non-metro
Ripley County	$1,053	+6.7%	Non-metro
Scott County	$1,047	+3.8%	Non-metro
Montgomery County	$1,046	+8.3%	Non-metro
Jefferson County	$1,041	+7.2%	Non-metro
Jennings County	$1,040	+8.2%	Non-metro
LaGrange County	$1,039	+6.3%	Non-metro
Fulton County	$1,034	+7.5%	Non-metro
Switzerland County	$1,029	+7.6%	Non-metro
Carroll County	$1,027	+5.5%	Carroll County, IN HUD Metro FMR Area
Lawrence County	$1,026	+7.3%	Non-metro
DeKalb County	$1,023	+6.6%	Non-metro
Noble County	$1,023	+5.8%	Non-metro
Adams County	$1,014	+6.1%	Non-metro
Blackford County	$1,014	+6.1%	Non-metro
Cass County	$1,014	+6.1%	Non-metro
Crawford County	$1,014	+6.1%	Non-metro
Dubois County	$1,014	+6.1%	Non-metro
Fayette County	$1,014	+6.1%	Non-metro
Fountain County	$1,014	+6.1%	Non-metro
Grant County	$1,014	+6.1%	Non-metro
Greene County	$1,014	+6.1%	Non-metro
Henry County	$1,014	+6.1%	Non-metro
Huntington County	$1,014	+6.1%	Non-metro
Jay County	$1,014	+6.1%	Non-metro
Knox County	$1,014	+6.1%	Non-metro
Martin County	$1,014	+6.1%	Non-metro
Miami County	$1,014	+6.1%	Non-metro
Orange County	$1,014	+6.1%	Non-metro
Owen County	$1,014	+6.1%	Owen County, IN HUD Metro FMR Area
Parke County	$1,014	+5.2%	Non-metro
Perry County	$1,014	+6.1%	Non-metro
Pike County	$1,014	+6.1%	Non-metro
Pulaski County	$1,014	+6.1%	Non-metro
Randolph County	$1,014	+6.1%	Non-metro
Rush County	$1,014	+6.1%	Non-metro
Spencer County	$1,014	+6.1%	Non-metro
Starke County	$1,014	+6.1%	Non-metro
Union County	$1,014	+6.1%	Non-metro
Wabash County	$1,014	+6.1%	Non-metro
Warren County	$1,014	+6.1%	Warren County, IN HUD Metro FMR Area
Washington County	$1,014	+2.6%	Washington County, IN HUD Metro FMR Area
Wayne County	$1,014	+6.1%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Indiana
Metro area	Counties	2BR
Indianapolis-Carmel, IN HUD Metro FMR Area	9	$1,536
Columbus, IN MSA	1	$1,493
Cincinnati, OH-KY-IN HUD Metro FMR Area	2	$1,442
Gary, IN HUD Metro FMR Area	3	$1,429
Jasper County, IN HUD Metro FMR Area	1	$1,349
Anderson, IN HUD Metro FMR Area	1	$1,331
Louisville, KY-IN HUD Metro FMR Area	3	$1,276
South Bend-Mishawaka, IN HUD Metro FMR Area	1	$1,276
Lafayette-West Lafayette, IN HUD Metro FMR Area	2	$1,273
Elkhart-Goshen, IN MSA	1	$1,253
Bloomington, IN HUD Metro FMR Area	1	$1,252
Fort Wayne, IN HUD Metro FMR Area	2	$1,248
Michigan City-La Porte, IN MSA	1	$1,245
Tipton County, IN HUD Metro FMR Area	1	$1,239
Kokomo, IN MSA	1	$1,179
Terre Haute, IN HUD Metro FMR Area	3	$1,164
Franklin County, IN HUD Metro FMR Area	1	$1,148
Muncie, IN MSA	1	$1,145
Evansville, IN MSA	3	$1,127
Wells County, IN HUD Metro FMR Area	1	$1,102
Sullivan County, IN HUD Metro FMR Area	1	$1,067
Carroll County, IN HUD Metro FMR Area	1	$1,027
Owen County, IN HUD Metro FMR Area	1	$1,014
Warren County, IN HUD Metro FMR Area	1	$1,014
Washington County, IN HUD Metro FMR Area	1	$1,014

Questions about Indiana rents

What is the fair market rent in Indiana?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Indiana is $1,086. Look up the county or ZIP code to see the value that applies to a specific property.

Which Indiana counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Boone County ($1,536), Brown County ($1,536), Hamilton County ($1,536).

Does Indiana use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 315 ZIP codes across 10 metro areas, led by the Indianapolis-Carmel, IN HUD Metro FMR Area; Fort Wayne, IN HUD Metro FMR Area; Gary, IN HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Indiana counties Indiana cities Indiana ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027