Indiana · FIPS 18017 · HUD FY 2027
Cass County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Cass 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
- $8361-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 | Cass County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $831 | $791 | +$40 (+5.1%) | $1,005 | $1,379 | $33,240 |
| 1 bedroom | $836 | $796 | +$40 (+5.0%) | $1,082 | $1,478 | $33,440 |
| 2 bedrooms | $1,014 | $956 | +$58 (+6.1%) | $1,302 | $1,761 | $40,560 |
| 3 bedrooms | $1,350 | $1,278 | +$72 (+5.6%) | $1,642 | $2,266 | $54,000 |
| 4 bedrooms | $1,355 | $1,282 | +$73 (+5.7%) | $1,904 | $2,607 | $54,200 |
How Cass County compares
- Cass County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $831, $836, $1,014, $1,350, $1,355. 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 9 ZIP codes mostly in Cass County (by land area), the 2-bedroom figure ranges from $1,010 to $1,210.
Small Area FMRs by ZIP code in Cass County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46932 | $830 | $830 | $1,020 | $1,350 | $1,420 | +$60 (+6.2%) | 1% above |
| 46947 | $840 | $850 | $1,030 | $1,370 | $1,380 | +$60 (+6.2%) | 2% above |
| 46950 | $830 | $850 | $1,050 | $1,350 | $1,410 | +$70 (+7.1%) | 4% above |
| 46961 | $790 | $850 | $1,040 | $1,270 | $1,440 | +$50 (+5.1%) | 3% above |
| 46967 | $830 | $840 | $1,010 | $1,360 | $1,370 | +$50 (+5.2%) | about the same as |
| 46978 | $850 | $860 | $1,050 | $1,390 | $1,450 | +$30 (+2.9%) | 4% above |
| 46988 | $980 | $990 | $1,210 | $1,590 | $1,610 | +$180 (+17.5%) | 19% above |
| 46994 | $830 | $840 | $1,010 | $1,360 | $1,370 | +$50 (+5.2%) | about the same as |
| 46998 | $830 | $830 | $1,010 | $1,350 | $1,370 | +$50 (+5.2%) | about the same as |
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.