Indiana · FIPS 18077 · HUD FY 2027
Jefferson County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Jefferson County is $1,041 a month (rent plus utilities), 20% below the Indiana average of $1,302 and 41% below the U.S. average of $1,761. That is up $70 (7.2%) from FY 2026. At 30% of income, a household needs about $41,640 a year to afford it.
- $1,0412-bedroom FMR+$70 (+7.2%) vs FY 2026
- $8621-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $41,640Income for a 2-bedroom$20/hour full-time
- 54 of 922BR rank in Indiana1 = highest rent
| Unit | Jefferson County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $752 | $669 | +$83 (+12.4%) | $1,005 | $1,379 | $30,080 |
| 1 bedroom | $862 | $818 | +$44 (+5.4%) | $1,082 | $1,478 | $34,480 |
| 2 bedrooms | $1,041 | $971 | +$70 (+7.2%) | $1,302 | $1,761 | $41,640 |
| 3 bedrooms | $1,313 | $1,201 | +$112 (+9.3%) | $1,642 | $2,266 | $52,520 |
| 4 bedrooms | $1,636 | $1,524 | +$112 (+7.3%) | $1,904 | $2,607 | $65,440 |
How Jefferson County compares
- Jefferson 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: $752, $862, $1,041, $1,313, $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 Jefferson County (by land area), the 2-bedroom figure ranges from $1,010 to $1,510.
Small Area FMRs by ZIP code in Jefferson County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47138 | $1,110 | $1,200 | $1,510 | $1,910 | $2,180 | +$80 (+5.6%) | 45% above |
| 47224 | $750 | $840 | $1,030 | $1,290 | $1,570 | +$70 (+7.3%) | 1% below |
| 47230 | $740 | $820 | $1,010 | $1,300 | $1,540 | +$50 (+5.2%) | 3% below |
| 47231 | $770 | $840 | $1,040 | $1,350 | $1,600 | −$40 (−3.7%) | about the same as |
| 47243 | $790 | $900 | $1,090 | $1,380 | $1,710 | +$20 (+1.9%) | 5% above |
| 47250 | $750 | $850 | $1,030 | $1,300 | $1,610 | +$70 (+7.3%) | 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.