Indiana · FIPS 18097 · HUD FY 2027
Marion County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Marion County is $1,536 a month (rent plus utilities), 18% above the Indiana average of $1,302 and 13% below the U.S. average of $1,761. That is up $63 (4.3%) from FY 2026. At 30% of income, a household needs about $61,440 a year to afford it.
- $1,5362-bedroom FMR+$63 (+4.3%) vs FY 2026
- $1,3361-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $61,440Income for a 2-bedroom$30/hour full-time
- 1 of 922BR rank in Indiana1 = highest rent
| Unit | Marion County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,187 | $1,118 | +$69 (+6.2%) | $1,005 | $1,379 | $47,480 |
| 1 bedroom | $1,336 | $1,267 | +$69 (+5.4%) | $1,082 | $1,478 | $53,440 |
| 2 bedrooms | $1,536 | $1,473 | +$63 (+4.3%) | $1,302 | $1,761 | $61,440 |
| 3 bedrooms | $1,991 | $1,907 | +$84 (+4.4%) | $1,642 | $2,266 | $79,640 |
| 4 bedrooms | $2,425 | $2,338 | +$87 (+3.7%) | $1,904 | $2,607 | $97,000 |
How Marion County compares
- HUD sets this rent for the Indianapolis-Carmel, IN metro FMR area, which covers 1,982,809 residents in 9 counties.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $1,187, $1,336, $1,536, $1,991, $2,425. 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 36 ZIP codes mostly in Marion County (by land area), the 2-bedroom figure ranges from $1,310 to $2,300.
Small Area FMRs by ZIP code in Marion County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46107 | $1,100 | $1,230 | $1,420 | $1,840 | $2,240 | +$70 (+5.2%) | 8% below |
| 46183 | $1,260 | $1,420 | $1,630 | $2,110 | $2,570 | +$70 (+4.5%) | 6% above |
| 46201 | $1,010 | $1,140 | $1,310 | $1,700 | $2,070 | +$30 (+2.3%) | 15% below |
| 46202 | $1,530 | $1,720 | $1,980 | $2,570 | $3,130 | +$130 (+7.0%) | 29% above |
| 46203 | $1,070 | $1,200 | $1,380 | $1,790 | $2,180 | +$60 (+4.5%) | 10% below |
| 46204 | $1,720 | $1,930 | $2,220 | $2,880 | $3,500 | +$50 (+2.3%) | 45% above |
| 46205 | $1,230 | $1,380 | $1,590 | $2,060 | $2,510 | +$90 (+6.0%) | 4% above |
| 46206 | $1,140 | $1,280 | $1,470 | $1,910 | $2,320 | +$60 (+4.3%) | 4% below |
| 46208 | $1,080 | $1,220 | $1,400 | $1,810 | $2,210 | +$50 (+3.7%) | 9% below |
| 46214 | $1,110 | $1,250 | $1,440 | $1,870 | $2,270 | +$90 (+6.7%) | 6% below |
| 46216 | $1,310 | $1,480 | $1,700 | $2,200 | $2,680 | +$50 (+3.0%) | 11% above |
| 46217 | $1,380 | $1,560 | $1,790 | $2,320 | $2,830 | +$60 (+3.5%) | 17% above |
| 46218 | $1,030 | $1,160 | $1,330 | $1,720 | $2,100 | +$70 (+5.6%) | 13% below |
| 46219 | $1,100 | $1,230 | $1,420 | $1,840 | $2,240 | +$80 (+6.0%) | 8% below |
| 46220 | $1,380 | $1,560 | $1,790 | $2,320 | $2,830 | +$100 (+5.9%) | 17% above |
| 46221 | $1,140 | $1,290 | $1,480 | $1,920 | $2,340 | +$40 (+2.8%) | 4% below |
| 46222 | $1,100 | $1,230 | $1,420 | $1,840 | $2,240 | +$50 (+3.6%) | 8% below |
| 46224 | $1,140 | $1,280 | $1,470 | $1,910 | $2,320 | +$100 (+7.3%) | 4% below |
| 46225 | $1,100 | $1,230 | $1,420 | $1,840 | $2,240 | +$90 (+6.8%) | 8% below |
| 46226 | $1,110 | $1,250 | $1,440 | $1,870 | $2,270 | +$100 (+7.5%) | 6% below |
| 46227 | $1,060 | $1,190 | $1,370 | $1,780 | $2,160 | +$50 (+3.8%) | 11% below |
| 46228 | $1,410 | $1,590 | $1,830 | $2,370 | $2,890 | +$50 (+2.8%) | 19% above |
| 46229 | $1,040 | $1,170 | $1,350 | $1,750 | $2,130 | +$50 (+3.8%) | 12% below |
| 46235 | $1,010 | $1,140 | $1,310 | $1,700 | $2,070 | +$60 (+4.8%) | 15% below |
| 46236 | $1,780 | $2,000 | $2,300 | $2,980 | $3,630 | +$180 (+8.5%) | 50% above |
| 46237 | $1,340 | $1,500 | $1,730 | $2,240 | $2,730 | +$110 (+6.8%) | 13% above |
| 46239 | $1,380 | $1,560 | $1,790 | $2,320 | $2,830 | +$150 (+9.1%) | 17% above |
| 46240 | $1,410 | $1,580 | $1,820 | $2,360 | $2,870 | +$80 (+4.6%) | 18% above |
| 46241 | $1,140 | $1,290 | $1,480 | $1,920 | $2,340 | +$70 (+5.0%) | 4% below |
| 46250 | $1,310 | $1,470 | $1,690 | $2,190 | $2,670 | +$60 (+3.7%) | 10% above |
| 46254 | $1,060 | $1,190 | $1,370 | $1,780 | $2,160 | −$70 (−4.9%) | 11% below |
| 46256 | $1,160 | $1,300 | $1,500 | $1,940 | $2,370 | +$70 (+4.9%) | 2% below |
| 46259 | $1,230 | $1,380 | $1,590 | $2,060 | $2,510 | −$10 (−0.6%) | 4% above |
| 46260 | $1,210 | $1,360 | $1,560 | $2,020 | $2,460 | +$70 (+4.7%) | 2% above |
| 46268 | $1,210 | $1,370 | $1,570 | $2,040 | $2,480 | +$40 (+2.6%) | 2% above |
| 46278 | $1,780 | $2,000 | $2,300 | $2,980 | $3,630 | +$580 (+33.7%) | 50% above |
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.