Indiana · FIPS 18051 · HUD FY 2027
Gibson County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Gibson County is $1,083 a month (rent plus utilities), 17% below the Indiana average of $1,302 and 38% below the U.S. average of $1,761. That is up $82 (8.2%) from FY 2026. At 30% of income, a household needs about $43,320 a year to afford it.
- $1,0832-bedroom FMR+$82 (+8.2%) vs FY 2026
- $8281-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $43,320Income for a 2-bedroom$21/hour full-time
- 47 of 922BR rank in Indiana1 = highest rent
| Unit | Gibson County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $822 | $766 | +$56 (+7.3%) | $1,005 | $1,379 | $32,880 |
| 1 bedroom | $828 | $771 | +$57 (+7.4%) | $1,082 | $1,478 | $33,120 |
| 2 bedrooms | $1,083 | $1,001 | +$82 (+8.2%) | $1,302 | $1,761 | $43,320 |
| 3 bedrooms | $1,364 | $1,262 | +$102 (+8.1%) | $1,642 | $2,266 | $54,560 |
| 4 bedrooms | $1,524 | $1,361 | +$163 (+12.0%) | $1,904 | $2,607 | $60,960 |
How Gibson County compares
- Gibson County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $822, $828, $1,083, $1,364, $1,524. 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 Gibson County (by land area), the 2-bedroom figure ranges from $1,010 to $1,200.
Small Area FMRs by ZIP code in Gibson County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47612 | $780 | $780 | $1,010 | $1,250 | $1,390 | +$50 (+5.2%) | 7% below |
| 47616 | $770 | $780 | $1,010 | $1,350 | $1,480 | +$40 (+4.1%) | 7% below |
| 47639 | $800 | $800 | $1,050 | $1,320 | $1,470 | +$40 (+4.0%) | 3% below |
| 47640 | $770 | $780 | $1,010 | $1,300 | $1,440 | +$50 (+5.2%) | 7% below |
| 47648 | $850 | $860 | $1,120 | $1,410 | $1,580 | +$130 (+13.1%) | 3% above |
| 47649 | $910 | $920 | $1,200 | $1,510 | $1,690 | +$70 (+6.2%) | 11% above |
| 47654 | $810 | $820 | $1,070 | $1,350 | $1,500 | +$50 (+4.9%) | 1% below |
| 47660 | $810 | $820 | $1,070 | $1,350 | $1,500 | +$50 (+4.9%) | 1% below |
| 47665 | $870 | $880 | $1,150 | $1,450 | $1,620 | +$70 (+6.5%) | 6% above |
| 47666 | $770 | $780 | $1,010 | $1,290 | $1,440 | +$50 (+5.2%) | 7% below |
| 47670 | $860 | $860 | $1,130 | $1,420 | $1,590 | +$120 (+11.9%) | 4% above |
| 47683 | $810 | $820 | $1,070 | $1,350 | $1,500 | no change | 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.