Indiana · FIPS 18079 · HUD FY 2027
Jennings County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Jennings County is $1,040 a month (rent plus utilities), 20% below the Indiana average of $1,302 and 41% below the U.S. average of $1,761. That is up $79 (8.2%) from FY 2026. At 30% of income, a household needs about $41,600 a year to afford it.
- $1,0402-bedroom FMR+$79 (+8.2%) vs FY 2026
- $7951-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $41,600Income for a 2-bedroom$20/hour full-time
- 55 of 922BR rank in Indiana1 = highest rent
| Unit | Jennings County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $778 | $689 | +$89 (+12.9%) | $1,005 | $1,379 | $31,120 |
| 1 bedroom | $795 | $732 | +$63 (+8.6%) | $1,082 | $1,478 | $31,800 |
| 2 bedrooms | $1,040 | $961 | +$79 (+8.2%) | $1,302 | $1,761 | $41,600 |
| 3 bedrooms | $1,385 | $1,337 | +$48 (+3.6%) | $1,642 | $2,266 | $55,400 |
| 4 bedrooms | $1,411 | $1,567 | −$156 (−10.0%) | $1,904 | $2,607 | $56,440 |
How Jennings County compares
- Jennings 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: $778, $795, $1,040, $1,385, $1,411. 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 6 ZIP codes mostly in Jennings County (by land area), the 2-bedroom figure ranges from $1,010 to $1,300.
Small Area FMRs by ZIP code in Jennings County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47223 | $790 | $810 | $1,050 | $1,380 | $1,420 | +$30 (+2.9%) | 1% above |
| 47227 | $760 | $780 | $1,010 | $1,350 | $1,420 | +$50 (+5.2%) | 3% below |
| 47265 | $770 | $790 | $1,030 | $1,370 | $1,430 | +$60 (+6.2%) | 1% below |
| 47270 | $780 | $820 | $1,040 | $1,340 | $1,460 | +$50 (+5.1%) | same |
| 47273 | $1,110 | $1,140 | $1,300 | $1,730 | $1,800 | +$150 (+13.0%) | 25% above |
| 47282 | $760 | $780 | $1,010 | $1,360 | $1,420 | +$50 (+5.2%) | 3% 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).
- 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.