Metro FMR area · IN · HUD FY 2027
Lafayette-West Lafayette, IN Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Lafayette-West Lafayette, IN area is $1,273 a month, 2% below the Indiana average and 28% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 34 ZIP codes range from $1,010 to $1,350.
- $1,2732-bedroom FMR+$31 (+2.5%) vs FY 2026
- $1,0701-bedroom FMRU.S.: $1,478
- $50,920Income for a 2-bedroomat 30% of income
- 197,806Residents2 counties
| Unit | Lafayette-West Lafayette, IN FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $942 | $894 | +$48 (+5.4%) | $1,005 | $1,379 | $37,680 |
| 1 bedroom | $1,070 | $1,032 | +$38 (+3.7%) | $1,082 | $1,478 | $42,800 |
| 2 bedrooms | $1,273 | $1,242 | +$31 (+2.5%) | $1,302 | $1,761 | $50,920 |
| 3 bedrooms | $1,517 | $1,489 | +$28 (+1.9%) | $1,642 | $2,266 | $60,680 |
| 4 bedrooms | $2,128 | $1,992 | +$136 (+6.8%) | $1,904 | $2,607 | $85,120 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| Benton County, IN | 8,735 |
| Tippecanoe County, IN | 189,071 |
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 $1,170.
| 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%) | 18% below |
| 46058 | $880 | $930 | $1,120 | $1,460 | $1,800 | −$10 (−0.9%) | 12% below |
| 46923 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47901 | $860 | $980 | $1,160 | $1,380 | $1,940 | +$30 (+2.7%) | 9% below |
| 47902 | $950 | $1,080 | $1,280 | $1,530 | $2,140 | +$30 (+2.4%) | 1% above |
| 47903 | $950 | $1,080 | $1,280 | $1,530 | $2,140 | +$30 (+2.4%) | 1% above |
| 47904 | $850 | $970 | $1,150 | $1,370 | $1,920 | +$10 (+0.9%) | 10% below |
| 47905 | $980 | $1,110 | $1,320 | $1,570 | $2,210 | +$50 (+3.9%) | 4% above |
| 47906 | $1,000 | $1,130 | $1,350 | $1,610 | $2,260 | +$80 (+6.3%) | 6% above |
| 47907 | $950 | $1,080 | $1,280 | $1,530 | $2,140 | +$30 (+2.4%) | 1% above |
| 47909 | $950 | $1,080 | $1,290 | $1,540 | $2,160 | +$20 (+1.6%) | 1% above |
| 47917 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47918 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47920 | $890 | $960 | $1,190 | $1,430 | $1,800 | +$60 (+5.3%) | 7% below |
| 47921 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$10 (+0.9%) | 12% below |
| 47924 | $980 | $1,110 | $1,320 | $1,570 | $2,210 | +$50 (+3.9%) | 4% above |
| 47930 | $910 | $980 | $1,190 | $1,490 | $1,820 | +$60 (+5.3%) | 7% below |
| 47941 | $840 | $950 | $1,130 | $1,350 | $1,890 | no change | 11% below |
| 47942 | $750 | $850 | $1,010 | $1,210 | $1,700 | +$50 (+5.2%) | 21% below |
| 47944 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47948 | $790 | $830 | $1,010 | $1,240 | $1,370 | +$50 (+5.2%) | 21% below |
| 47955 | $920 | $930 | $1,120 | $1,390 | $1,800 | +$70 (+6.7%) | 12% below |
| 47962 | $950 | $1,080 | $1,280 | $1,530 | $2,140 | +$30 (+2.4%) | 1% above |
| 47967 | $990 | $1,000 | $1,170 | $1,500 | $1,800 | +$90 (+8.3%) | 8% below |
| 47970 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47971 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47975 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47977 | $900 | $930 | $1,190 | $1,520 | $1,800 | +$140 (+13.3%) | 7% below |
| 47981 | $960 | $1,060 | $1,250 | $1,530 | $2,010 | +$80 (+6.8%) | 2% below |
| 47983 | $950 | $1,080 | $1,290 | $1,540 | $2,160 | +$20 (+1.6%) | 1% above |
| 47986 | $810 | $930 | $1,120 | $1,350 | $1,800 | +$70 (+6.7%) | 12% below |
| 47992 | $900 | $1,020 | $1,210 | $1,440 | $2,020 | no change | 5% below |
| 47995 | $910 | $930 | $1,210 | $1,440 | $1,800 | +$120 (+11.0%) | 5% below |
| 47996 | $950 | $1,080 | $1,280 | $1,530 | $2,140 | +$30 (+2.4%) | 1% 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).
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.