Indiana · FIPS 18155 · HUD FY 2027
Switzerland County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Switzerland County is $1,029 a month (rent plus utilities), 21% below the Indiana average of $1,302 and 42% below the U.S. average of $1,761. That is up $73 (7.6%) from FY 2026. At 30% of income, a household needs about $41,160 a year to afford it.
- $1,0292-bedroom FMR+$73 (+7.6%) vs FY 2026
- $7871-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $41,160Income for a 2-bedroom$20/hour full-time
- 58 of 922BR rank in Indiana1 = highest rent
| Unit | Switzerland County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $770 | $685 | +$85 (+12.4%) | $1,005 | $1,379 | $30,800 |
| 1 bedroom | $787 | $729 | +$58 (+8.0%) | $1,082 | $1,478 | $31,480 |
| 2 bedrooms | $1,029 | $956 | +$73 (+7.6%) | $1,302 | $1,761 | $41,160 |
| 3 bedrooms | $1,246 | $1,280 | −$34 (−2.7%) | $1,642 | $2,266 | $49,840 |
| 4 bedrooms | $1,376 | $1,287 | +$89 (+6.9%) | $1,904 | $2,607 | $55,040 |
How Switzerland County compares
- Switzerland 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: $770, $787, $1,029, $1,246, $1,376. 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 4 ZIP codes mostly in Switzerland County (by land area), the 2-bedroom figure ranges from $1,010 to $1,070.
Small Area FMRs by ZIP code in Switzerland County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47011 | $790 | $830 | $1,070 | $1,340 | $1,480 | +$60 (+5.9%) | 4% above |
| 47020 | $780 | $810 | $1,050 | $1,310 | $1,470 | +$70 (+7.1%) | 2% above |
| 47038 | $760 | $780 | $1,010 | $1,230 | $1,370 | +$30 (+3.1%) | 2% below |
| 47043 | $760 | $780 | $1,010 | $1,230 | $1,380 | +$50 (+5.2%) | 2% 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.