46106
ZIPSAFMR
Morgan County, IN
BRFMR
Eff. Rent
0 BR$1,540$1,370
1 BR$1,750$1,390
2 BR$2,030$1,570
3 BR$2,630$1,690
4 BR$3,220$2,190
5 BR$3,703
6 BR$4,258
7 BR$4,897
8 BR$5,632

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
1.12ratio
FMR$1,540
Market$1,370
vs market+$170

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.12
1 BR
1 BR
1.26ratio
FMR$1,750
Market$1,390
vs market+$360

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.26
2 BR
2 BR
1.29ratio
FMR$2,030
Market$1,570
vs market+$460

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.29
3 BR
3 BR
1.56ratio
FMR$2,630
Market$1,690
vs market+$940

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.56
4 BR
4 BR
1.47ratio
FMR$3,220
Market$2,190
vs market+$1,030

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1.47
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$239,741
Rent
$2,030
Down payment
$47,948
Loan
$191,793
Mortgage
$1,212
Expenses
$618
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 46106 (IN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.