Indiana · FIPS 18159 · HUD FY 2027
Tipton County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Tipton County is $1,239 a month (rent plus utilities), 5% below the Indiana average of $1,302 and 30% below the U.S. average of $1,761. That is up $130 (11.7%) from FY 2026. At 30% of income, a household needs about $49,560 a year to afford it.
- $1,2392-bedroom FMR+$130 (+11.7%) vs FY 2026
- $9471-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $49,560Income for a 2-bedroom$24/hour full-time
- 29 of 922BR rank in Indiana1 = highest rent
| Unit | Tipton County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $941 | $840 | +$101 (+12.0%) | $1,005 | $1,379 | $37,640 |
| 1 bedroom | $947 | $845 | +$102 (+12.1%) | $1,082 | $1,478 | $37,880 |
| 2 bedrooms | $1,239 | $1,109 | +$130 (+11.7%) | $1,302 | $1,761 | $49,560 |
| 3 bedrooms | $1,476 | $1,330 | +$146 (+11.0%) | $1,642 | $2,266 | $59,040 |
| 4 bedrooms | $1,628 | $1,725 | −$97 (−5.6%) | $1,904 | $2,607 | $65,120 |
How Tipton County compares
- HUD sets this rent for the Tipton County, IN metro FMR area, which covers 15,346 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $941, $947, $1,239, $1,476, $1,628. 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 Tipton County (by land area), the 2-bedroom figure ranges from $1,230 to $1,380.
Small Area FMRs by ZIP code in Tipton County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46045 | $930 | $940 | $1,230 | $1,470 | $1,620 | +$130 (+11.8%) | 1% below |
| 46047 | $930 | $940 | $1,230 | $1,470 | $1,620 | +$130 (+11.8%) | 1% below |
| 46049 | $900 | $1,060 | $1,240 | $1,620 | $1,950 | −$130 (−9.5%) | about the same as |
| 46068 | $1,050 | $1,050 | $1,380 | $1,640 | $1,810 | +$220 (+19.0%) | 11% above |
| 46072 | $930 | $1,060 | $1,240 | $1,620 | $1,950 | −$130 (−9.5%) | about the same as |
| 46076 | $1,020 | $1,020 | $1,340 | $1,590 | $1,760 | +$150 (+12.6%) | 8% 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.