Indiana · FIPS 18179 · HUD FY 2027
Wells County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Wells County is $1,102 a month (rent plus utilities), 15% below the Indiana average of $1,302 and 37% below the U.S. average of $1,761. That is up $111 (11.2%) from FY 2026. At 30% of income, a household needs about $44,080 a year to afford it.
- $1,1022-bedroom FMR+$111 (+11.2%) vs FY 2026
- $8421-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $44,080Income for a 2-bedroom$21/hour full-time
- 43 of 922BR rank in Indiana1 = highest rent
| Unit | Wells County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $837 | $750 | +$87 (+11.6%) | $1,005 | $1,379 | $33,480 |
| 1 bedroom | $842 | $755 | +$87 (+11.5%) | $1,082 | $1,478 | $33,680 |
| 2 bedrooms | $1,102 | $991 | +$111 (+11.2%) | $1,302 | $1,761 | $44,080 |
| 3 bedrooms | $1,342 | $1,203 | +$139 (+11.6%) | $1,642 | $2,266 | $53,680 |
| 4 bedrooms | $1,535 | $1,393 | +$142 (+10.2%) | $1,904 | $2,607 | $61,400 |
How Wells County compares
- HUD sets this rent for the Wells County, IN metro FMR area, which covers 28,420 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $837, $842, $1,102, $1,342, $1,535. 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 10 ZIP codes mostly in Wells County (by land area), the 2-bedroom figure ranges from $1,010 to $1,260.
Small Area FMRs by ZIP code in Wells County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46714 | $800 | $810 | $1,050 | $1,280 | $1,460 | +$90 (+9.4%) | 5% below |
| 46731 | $830 | $870 | $1,090 | $1,340 | $1,520 | +$90 (+9.0%) | 1% below |
| 46759 | $770 | $810 | $1,020 | $1,290 | $1,480 | +$50 (+5.2%) | 7% below |
| 46766 | $810 | $820 | $1,060 | $1,310 | $1,530 | +$70 (+7.1%) | 4% below |
| 46770 | $780 | $790 | $1,030 | $1,270 | $1,490 | +$60 (+6.2%) | 7% below |
| 46777 | $900 | $910 | $1,190 | $1,450 | $1,660 | +$120 (+11.2%) | 8% above |
| 46778 | $800 | $810 | $1,050 | $1,280 | $1,460 | +$90 (+9.4%) | 5% below |
| 46781 | $770 | $780 | $1,010 | $1,230 | $1,420 | +$50 (+5.2%) | 8% below |
| 46791 | $960 | $960 | $1,260 | $1,530 | $1,750 | +$120 (+10.5%) | 14% above |
| 46799 | $890 | $900 | $1,150 | $1,410 | $1,620 | +$90 (+8.5%) | 4% 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.