Indiana · FIPS 18171 · HUD FY 2027
Warren County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Warren County is $1,014 a month (rent plus utilities), 22% below the Indiana average of $1,302 and 42% below the U.S. average of $1,761. That is up $58 (6.1%) from FY 2026. At 30% of income, a household needs about $40,560 a year to afford it.
- $1,0142-bedroom FMR+$58 (+6.1%) vs FY 2026
- $8921-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $40,560Income for a 2-bedroom$20/hour full-time
- 63 of 922BR rank in Indiana1 = highest rent
| Unit | Warren County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $750 | $688 | +$62 (+9.0%) | $1,005 | $1,379 | $30,000 |
| 1 bedroom | $892 | $845 | +$47 (+5.6%) | $1,082 | $1,478 | $35,680 |
| 2 bedrooms | $1,014 | $956 | +$58 (+6.1%) | $1,302 | $1,761 | $40,560 |
| 3 bedrooms | $1,328 | $1,330 | −$2 (−0.2%) | $1,642 | $2,266 | $53,120 |
| 4 bedrooms | $1,333 | $1,376 | −$43 (−3.1%) | $1,904 | $2,607 | $53,320 |
How Warren County compares
- HUD sets this rent for the Warren County, IN metro FMR area, which covers 8,464 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $750, $892, $1,014, $1,328, $1,333. 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 Warren County (by land area), the 2-bedroom figure ranges from $1,010 to $1,120.
Small Area FMRs by ZIP code in Warren County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47917 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 10% above |
| 47970 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 10% above |
| 47975 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 10% above |
| 47982 | $780 | $870 | $1,050 | $1,350 | $1,510 | +$90 (+9.4%) | 4% above |
| 47991 | $750 | $890 | $1,010 | $1,340 | $1,340 | +$50 (+5.2%) | about the same as |
| 47993 | $800 | $950 | $1,080 | $1,410 | $1,420 | +$70 (+6.9%) | 7% 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.