Franklin County, IN fair market rent
Franklin County, IN HUD Metro FMR Area · FY2027 · upcoming · effective October 1, 2026
Illustrative 90–110% range $1,033–$1,263 · +2.8% from FY2026
Gross rent including tenant-paid utilities. The range is HUD's basic payment-standard band, not your PHA's adopted standard or your voucher payment; your PHA's effective date may differ. Metro FMR area. U.S. county median 2BR $1,056.
Your housing authority's payment standard: not verified on this page.
Confirm the amount, bedroom size, utility allowance and effective date for the unit's address before relying on it.
Find your housing authority| Unit | FY2027 | FY2026 | Change |
|---|---|---|---|
| Studio | $841 | $796 | +5.7% |
| 1 bedroom | $950 | $861 | +10.3% |
| 2 bedrooms | $1,148 | $1,117 | +2.8% |
| 3 bedrooms | $1,503 | $1,473 | +2.0% |
| 4 bedrooms | $1,509 | $1,479 | +2.0% |
All Indiana areasHow payment standards work
Source: HUD Fair Market Rent data, FMR_All_1983_2027.csv, retrieved 2026-09-19.
2-bedroom FMR, last 11 years
- FY17$737
- FY18$744
- FY19$708
- FY20$720
- FY21$756
- FY22$812
- FY23$930
- FY24$939
- FY25$1,052
- FY26$1,117
- FY27$1,148
HUD's fiscal year runs October to September, so the FY2027 figure applies from October 1, 2026. The FMR is the 40th-percentile gross rent (rent plus tenant-paid utilities) for standard-quality units, from Census ACS data trended forward with recent rent surveys. It is not a rent cap for private landlords. Data & method
Small Area FMRs by ZIP code
15 ZIPs in Franklin County, IN HUD Metro FMR Area- ZIP 46173Studio $780 · 1BR $810 · 3BR $1,330 · 4BR $1,370
- ZIP 47003Studio $760 · 1BR $780 · 3BR $1,330 · 4BR $1,360
- ZIP 47006Studio $820 · 1BR $870 · 3BR $1,440 · 4BR $1,450
- ZIP 47010Studio $830 · 1BR $890 · 3BR $1,440 · 4BR $1,540
- ZIP 47012Studio $780 · 1BR $880 · 3BR $1,400 · 4BR $1,420
- ZIP 47016Studio $740 · 1BR $840 · 3BR $1,340 · 4BR $1,340
- ZIP 47024Studio $970 · 1BR $1,090 · 3BR $1,730 · 4BR $1,730
- ZIP 47030Studio $870 · 1BR $970 · 3BR $1,550 · 4BR $1,560
- ZIP 47035Studio $900 · 1BR $980 · 3BR $1,620 · 4BR $1,760
- ZIP 47036Studio $860 · 1BR $980 · 3BR $1,540 · 4BR $1,550
- ZIP 47041Studio $860 · 1BR $910 · 3BR $1,530 · 4BR $1,640
- ZIP 47060Studio $930 · 1BR $1,010 · 3BR $1,670 · 4BR $1,830
- ZIP 47240Studio $840 · 1BR $860 · 3BR $1,340 · 4BR $1,560
- ZIP 47331Studio $720 · 1BR $840 · 3BR $1,330 · 4BR $1,360
- ZIP 47353Studio $760 · 1BR $780 · 3BR $1,330 · 4BR $1,370