Metro FMR area · IN · HUD FY 2027

Carroll County, IN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Carroll County, IN area is $1,027 a month, 21% below the Indiana average and 42% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 20 ZIP codes range from $1,010 to $1,320.

$1,0272-bedroom FMR+$54 (+5.5%) vs FY 2026
$7871-bedroom FMRU.S.: $1,478
$41,080Income for a 2-bedroomat 30% of income
20,535Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,027/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Carroll County, IN FMR	$1,027	$41,080	–
Indiana average	$1,302	$52,071	–
U.S. average	$1,761	$70,432	–

Carroll County, IN Fair Market Rents, FY 2027 vs FY 2026
Unit	Carroll County, IN FY 2027	FY 2026	Change	Indiana avg	U.S. avg	Income needed
Studio	$760	$709	+$51 (+7.2%)	$1,005	$1,379	$30,400
1 bedroom	$787	$742	+$45 (+6.1%)	$1,082	$1,478	$31,480
2 bedrooms	$1,027	$973	+$54 (+5.5%)	$1,302	$1,761	$41,080
3 bedrooms	$1,232	$1,219	+$13 (+1.1%)	$1,642	$2,266	$49,280
4 bedrooms	$1,396	$1,328	+$68 (+5.1%)	$1,904	$2,607	$55,840

Counties in this FMR area

Counties in the Carroll County, IN FMR area
County	Residents in area
Carroll County, IN	20,535

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,080.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Carroll County, IN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
46041	$830	$850	$1,040	$1,380	$1,560	−$60 (−5.5%)	1% above
46065	$920	$930	$1,170	$1,530	$1,590	+$10 (+0.9%)	14% above
46913	$770	$800	$1,040	$1,260	$1,410	+$50 (+5.1%)	1% above
46915	$750	$780	$1,010	$1,220	$1,390	+$50 (+5.2%)	2% below
46916	$760	$790	$1,030	$1,240	$1,400	+$60 (+6.2%)	about the same as
46917	$790	$820	$1,040	$1,290	$1,410	+$60 (+6.1%)	1% above
46920	$840	$860	$1,080	$1,400	$1,470	+$40 (+3.8%)	5% above
46923	$810	$930	$1,120	$1,350	$1,800	+$70 (+6.7%)	9% above
46929	$800	$810	$1,020	$1,250	$1,420	+$60 (+6.2%)	1% below
46932	$830	$830	$1,020	$1,350	$1,420	+$60 (+6.2%)	1% below
46947	$840	$850	$1,030	$1,370	$1,380	+$60 (+6.2%)	about the same as
46977	$760	$790	$1,030	$1,240	$1,400	+$60 (+6.2%)	about the same as
46979	$910	$920	$1,180	$1,420	$1,640	+$10 (+0.9%)	15% above
47905	$980	$1,110	$1,320	$1,570	$2,210	+$50 (+3.9%)	29% above
47920	$890	$960	$1,190	$1,430	$1,800	+$60 (+5.3%)	16% above
47923	$810	$830	$1,090	$1,300	$1,430	+$70 (+6.9%)	6% above
47926	$830	$850	$1,110	$1,320	$1,460	+$90 (+8.8%)	8% above
47950	$830	$850	$1,110	$1,320	$1,470	−$20 (−1.8%)	8% above
47960	$830	$850	$1,110	$1,330	$1,470	+$100 (+9.9%)	8% above
47997	$750	$780	$1,010	$1,220	$1,390	+$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).

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.