Indiana · FIPS 18067 · HUD FY 2027
Howard County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Howard County is $1,179 a month (rent plus utilities), 9% below the Indiana average of $1,302 and 33% below the U.S. average of $1,761. That is up $56 (5.0%) from FY 2026. At 30% of income, a household needs about $47,160 a year to afford it.
- $1,1792-bedroom FMR+$56 (+5.0%) vs FY 2026
- $9151-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $47,160Income for a 2-bedroom$23/hour full-time
- 30 of 922BR rank in Indiana1 = highest rent
| Unit | Howard County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $909 | $884 | +$25 (+2.8%) | $1,005 | $1,379 | $36,360 |
| 1 bedroom | $915 | $890 | +$25 (+2.8%) | $1,082 | $1,478 | $36,600 |
| 2 bedrooms | $1,179 | $1,123 | +$56 (+5.0%) | $1,302 | $1,761 | $47,160 |
| 3 bedrooms | $1,420 | $1,388 | +$32 (+2.3%) | $1,642 | $2,266 | $56,800 |
| 4 bedrooms | $1,636 | $1,567 | +$69 (+4.4%) | $1,904 | $2,607 | $65,440 |
How Howard County compares
- HUD sets this rent for the Kokomo, IN metro FMR area, which covers 83,752 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $909, $915, $1,179, $1,420, $1,636. 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 6 ZIP codes mostly in Howard County (by land area), the 2-bedroom figure ranges from $1,120 to $1,190.
Small Area FMRs by ZIP code in Howard County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46901 | $860 | $870 | $1,120 | $1,350 | $1,550 | +$70 (+6.7%) | 5% below |
| 46902 | $920 | $920 | $1,190 | $1,430 | $1,650 | +$50 (+4.4%) | 1% above |
| 46936 | $910 | $920 | $1,180 | $1,420 | $1,640 | no change | about the same as |
| 46937 | $920 | $920 | $1,190 | $1,430 | $1,650 | +$50 (+4.4%) | 1% above |
| 46965 | $920 | $920 | $1,190 | $1,430 | $1,650 | +$50 (+4.4%) | 1% above |
| 46979 | $910 | $920 | $1,180 | $1,420 | $1,640 | +$10 (+0.9%) | about the same as |
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.