Indiana · FIPS 18137 · HUD FY 2027
Ripley County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Ripley County is $1,053 a month (rent plus utilities), 19% below the Indiana average of $1,302 and 40% below the U.S. average of $1,761. That is up $66 (6.7%) from FY 2026. At 30% of income, a household needs about $42,120 a year to afford it.
- $1,0532-bedroom FMR+$66 (+6.7%) vs FY 2026
- $8051-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $42,120Income for a 2-bedroom$20/hour full-time
- 51 of 922BR rank in Indiana1 = highest rent
| Unit | Ripley County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $788 | $681 | +$107 (+15.7%) | $1,005 | $1,379 | $31,520 |
| 1 bedroom | $805 | $752 | +$53 (+7.0%) | $1,082 | $1,478 | $32,200 |
| 2 bedrooms | $1,053 | $987 | +$66 (+6.7%) | $1,302 | $1,761 | $42,120 |
| 3 bedrooms | $1,363 | $1,302 | +$61 (+4.7%) | $1,642 | $2,266 | $54,520 |
| 4 bedrooms | $1,384 | $1,307 | +$77 (+5.9%) | $1,904 | $2,607 | $55,360 |
How Ripley County compares
- Ripley 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: $788, $805, $1,053, $1,363, $1,384. 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 9 ZIP codes mostly in Ripley County (by land area), the 2-bedroom figure ranges from $1,010 to $1,210.
Small Area FMRs by ZIP code in Ripley County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47006 | $820 | $870 | $1,110 | $1,440 | $1,450 | +$60 (+5.7%) | 5% above |
| 47017 | $790 | $850 | $1,070 | $1,380 | $1,540 | +$50 (+4.9%) | 2% above |
| 47021 | $790 | $800 | $1,050 | $1,360 | $1,380 | +$60 (+6.1%) | about the same as |
| 47023 | $910 | $920 | $1,210 | $1,570 | $1,590 | −$30 (−2.4%) | 15% above |
| 47031 | $880 | $900 | $1,180 | $1,530 | $1,570 | +$40 (+3.5%) | 12% above |
| 47033 | $790 | $800 | $1,050 | $1,360 | $1,380 | +$60 (+6.1%) | about the same as |
| 47034 | $800 | $820 | $1,070 | $1,390 | $1,410 | −$30 (−2.7%) | 2% above |
| 47037 | $780 | $800 | $1,040 | $1,350 | $1,420 | +$80 (+8.3%) | 1% below |
| 47042 | $760 | $780 | $1,010 | $1,320 | $1,340 | +$50 (+5.2%) | 4% 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.