Indiana · FIPS 18163 · HUD FY 2027
Vanderburgh County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Vanderburgh County is $1,127 a month (rent plus utilities), 13% below the Indiana average of $1,302 and 36% below the U.S. average of $1,761. That is up $14 (1.3%) from FY 2026. At 30% of income, a household needs about $45,080 a year to afford it.
- $1,1272-bedroom FMR+$14 (+1.3%) vs FY 2026
- $8721-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $45,080Income for a 2-bedroom$22/hour full-time
- 39 of 922BR rank in Indiana1 = highest rent
| Unit | Vanderburgh County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $866 | $853 | +$13 (+1.5%) | $1,005 | $1,379 | $34,640 |
| 1 bedroom | $872 | $860 | +$12 (+1.4%) | $1,082 | $1,478 | $34,880 |
| 2 bedrooms | $1,127 | $1,113 | +$14 (+1.3%) | $1,302 | $1,761 | $45,080 |
| 3 bedrooms | $1,387 | $1,370 | +$17 (+1.2%) | $1,642 | $2,266 | $55,480 |
| 4 bedrooms | $1,534 | $1,539 | −$5 (−0.3%) | $1,904 | $2,607 | $61,360 |
How Vanderburgh County compares
- HUD sets this rent for the Evansville, IN metro FMR area, which covers 270,494 residents in 3 counties.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $866, $872, $1,127, $1,387, $1,534. 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 Vanderburgh County (by land area), the 2-bedroom figure ranges from $1,070 to $1,650.
Small Area FMRs by ZIP code in Vanderburgh County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47708 | $1,010 | $1,020 | $1,320 | $1,620 | $1,800 | no change | 17% above |
| 47710 | $820 | $830 | $1,070 | $1,320 | $1,460 | +$30 (+2.9%) | 5% below |
| 47711 | $880 | $880 | $1,140 | $1,400 | $1,550 | no change | 1% above |
| 47712 | $840 | $840 | $1,090 | $1,340 | $1,480 | −$20 (−1.8%) | 3% below |
| 47713 | $850 | $860 | $1,110 | $1,370 | $1,510 | +$30 (+2.8%) | 2% below |
| 47714 | $910 | $910 | $1,180 | $1,450 | $1,610 | +$60 (+5.4%) | 5% above |
| 47715 | $980 | $980 | $1,270 | $1,560 | $1,730 | +$30 (+2.4%) | 13% above |
| 47720 | $920 | $930 | $1,200 | $1,480 | $1,630 | −$20 (−1.6%) | 6% above |
| 47725 | $1,270 | $1,280 | $1,650 | $2,030 | $2,250 | +$70 (+4.4%) | 46% 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.