Indiana · FIPS 18035 · HUD FY 2027
Delaware County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Delaware County is $1,145 a month (rent plus utilities), 12% below the Indiana average of $1,302 and 35% below the U.S. average of $1,761. That is up $102 (9.8%) from FY 2026. At 30% of income, a household needs about $45,800 a year to afford it.
- $1,1452-bedroom FMR+$102 (+9.8%) vs FY 2026
- $9131-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $45,800Income for a 2-bedroom$22/hour full-time
- 36 of 922BR rank in Indiana1 = highest rent
| Unit | Delaware County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $899 | $803 | +$96 (+12.0%) | $1,005 | $1,379 | $35,960 |
| 1 bedroom | $913 | $845 | +$68 (+8.0%) | $1,082 | $1,478 | $36,520 |
| 2 bedrooms | $1,145 | $1,043 | +$102 (+9.8%) | $1,302 | $1,761 | $45,800 |
| 3 bedrooms | $1,438 | $1,349 | +$89 (+6.6%) | $1,642 | $2,266 | $57,520 |
| 4 bedrooms | $1,890 | $1,685 | +$205 (+12.2%) | $1,904 | $2,607 | $75,600 |
How Delaware County compares
- HUD sets this rent for the Muncie, IN metro FMR area, which covers 112,280 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $899, $913, $1,145, $1,438, $1,890. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 12 ZIP codes mostly in Delaware County (by land area), the 2-bedroom figure ranges from $1,010 to $1,250.
Small Area FMRs by ZIP code in Delaware County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47302 | $870 | $880 | $1,110 | $1,390 | $1,830 | +$90 (+8.8%) | 3% below |
| 47303 | $920 | $930 | $1,170 | $1,470 | $1,930 | +$100 (+9.3%) | 2% above |
| 47304 | $980 | $1,000 | $1,250 | $1,570 | $2,060 | +$130 (+11.6%) | 9% above |
| 47305 | $800 | $810 | $1,010 | $1,280 | $1,680 | +$50 (+5.2%) | 12% below |
| 47306 | $960 | $980 | $1,220 | $1,540 | $2,010 | +$120 (+10.9%) | 7% above |
| 47320 | $850 | $910 | $1,120 | $1,430 | $1,700 | +$160 (+16.7%) | 2% below |
| 47334 | $840 | $850 | $1,070 | $1,340 | $1,760 | +$110 (+11.5%) | 7% below |
| 47338 | $800 | $810 | $1,010 | $1,290 | $1,680 | +$50 (+5.2%) | 12% below |
| 47342 | $810 | $830 | $1,090 | $1,440 | $1,680 | +$120 (+12.4%) | 5% below |
| 47367 | $870 | $880 | $1,110 | $1,390 | $1,830 | +$90 (+8.8%) | 3% below |
| 47383 | $930 | $950 | $1,190 | $1,490 | $1,960 | +$80 (+7.2%) | 4% above |
| 47396 | $890 | $900 | $1,130 | $1,420 | $1,870 | +$120 (+11.9%) | 1% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.