47405
ZIPSAFMR
Monroe County, IN
BRFMR
Eff. Rent
0 BR$970$970
1 BR$1,070$1,070
2 BR$1,210$1,210
3 BR$1,570$1,570
4 BR$1,910$1,910
5 BR$2,197
6 BR$2,526
7 BR$2,905
8 BR$3,341

Market Alignment

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

Studio
Studio
0.75ratio
FMR$970
Market$1,300
vs market-$330

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.75
1 BR
1 BR
0.84ratio
FMR$1,070
Market$1,280
vs market-$210

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.84
2 BR
2 BR
0.57ratio
FMR$1,210
Market$2,140
vs market-$930

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.57
3 BR
3 BR
0.62ratio
FMR$1,570
Market$2,520
vs market-$950

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.62
4 BR
4 BR
0.48ratio
FMR$1,910
Market$3,950
vs market-$2,040

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.48
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for 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
$117,889
Rent
$1,210
Down payment
$23,578
Loan
$94,311
Mortgage
$596
Expenses
$414
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 47405 (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.