FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR
0.84ratio
FMR$910
Market$1,080
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR
0.88ratio
FMR$1,060
Market$1,210
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR
1.12ratio
FMR$1,470
Market$1,310
vs market+$160
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR
1.31ratio
FMR$1,750
Market$1,340
vs market+$410
FMR is above market; underwrite to market rent.
1.31
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 46170 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46170 (Putnamville, IN) is $1,060 a month. That is up 2.9% from $1,030 in FY 2026. Putnamville is in the Putnam County, IN 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 $1,056. Among 17 ZIP codes in Putnam County, 46170 is tied for the 12th-highest two-bedroom rent (county range $1,010–$2,070). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46170 is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 46170
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$740
$790
+6.8%
$711–$869
1BR
$840
$910
+8.3%
$819–$1,001
2BR
$1,030
$1,060
+2.9%
$954–$1,166
3BR
$1,390
$1,470
+5.8%
$1,323–$1,617
4BR
$1,630
$1,750
+7.4%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 46170
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$910
$1,060
$1,470
$1,750
FY 2026
$740
$840
$1,030
$1,390
$1,630
FY 2025
$750
$820
$1,050
$1,400
$1,640
FY 2024
$820
$850
$1,120
$1,500
$1,720
FY 2023
$660
$690
$900
$1,240
$1,410
Two-bedroom rent in nearby Putnam County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 46170?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,056, which applies unless the housing authority uses Small Area FMRs, that basic range is $950 to $1,162 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 ZIP 46170 in?
ZIP 46170 is in the Putnam County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,056.
How much did fair market rent change in ZIP 46170 for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,030 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 17.8%.
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