Metro FMR area · IN · HUD FY 2027

Anderson, IN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Anderson, IN area is $1,331 a month, 2% above the Indiana average and 24% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 21 ZIP codes range from $1,090 to $1,900.

$1,3312-bedroom FMR+$125 (+10.4%) vs FY 2026
$1,0171-bedroom FMRU.S.: $1,478
$53,240Income for a 2-bedroomat 30% of income
131,900Residents1 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$1,331/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Anderson, IN FMR	$1,331	$53,240	–
Indiana average	$1,302	$52,071	–
U.S. average	$1,761	$70,432	–

Anderson, IN Fair Market Rents, FY 2027 vs FY 2026
Unit	Anderson, IN FY 2027	FY 2026	Change	Indiana avg	U.S. avg	Income needed
Studio	$1,011	$898	+$113 (+12.6%)	$1,005	$1,379	$40,440
1 bedroom	$1,017	$919	+$98 (+10.7%)	$1,082	$1,478	$40,680
2 bedrooms	$1,331	$1,206	+$125 (+10.4%)	$1,302	$1,761	$53,240
3 bedrooms	$1,743	$1,594	+$149 (+9.3%)	$1,642	$2,266	$69,720
4 bedrooms	$1,749	$1,597	+$152 (+9.5%)	$1,904	$2,607	$69,960

Counties in this FMR area

Counties in the Anderson, IN FMR area
County	Residents in area
Madison County, IN	131,900

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 $1,370.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Anderson, IN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
46001	$890	$890	$1,170	$1,530	$1,540	+$70 (+6.4%)	12% below
46011	$1,150	$1,160	$1,520	$1,990	$2,000	+$140 (+10.1%)	14% above
46012	$1,070	$1,080	$1,410	$1,840	$1,860	+$140 (+11.0%)	6% above
46013	$980	$990	$1,290	$1,690	$1,700	+$130 (+11.2%)	3% below
46015	$1,010	$1,020	$1,330	$1,740	$1,750	+$120 (+9.9%)	about the same as
46016	$1,050	$1,050	$1,380	$1,810	$1,810	+$180 (+15.0%)	4% above
46017	$1,040	$1,050	$1,370	$1,790	$1,800	+$130 (+10.5%)	3% above
46018	$1,010	$1,020	$1,330	$1,740	$1,750	+$120 (+9.9%)	about the same as
46036	$910	$920	$1,200	$1,570	$1,580	+$100 (+9.1%)	10% below
46040	$1,250	$1,410	$1,620	$2,110	$2,550	+$90 (+5.9%)	22% above
46044	$1,090	$1,100	$1,440	$1,890	$1,890	+$260 (+22.0%)	8% above
46048	$1,440	$1,450	$1,900	$2,490	$2,500	+$210 (+12.4%)	43% above
46051	$1,290	$1,300	$1,700	$2,230	$2,230	+$280 (+19.7%)	28% above
46056	$1,120	$1,120	$1,470	$1,920	$1,940	+$120 (+8.9%)	10% above
46060	$1,280	$1,440	$1,660	$2,150	$2,620	+$70 (+4.4%)	25% above
46063	$870	$870	$1,140	$1,490	$1,500	+$50 (+4.6%)	14% below
46064	$1,190	$1,200	$1,570	$2,050	$2,070	+$140 (+9.8%)	18% above
46070	$920	$920	$1,210	$1,580	$1,590	+$90 (+8.0%)	9% below
46928	$810	$850	$1,090	$1,440	$1,570	+$110 (+11.2%)	18% below
47342	$810	$830	$1,090	$1,440	$1,680	+$120 (+12.4%)	18% below
47356	$820	$830	$1,090	$1,440	$1,520	+$110 (+11.2%)	18% 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.