Metro FMR area · IN · HUD FY 2027
Evansville, IN Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Evansville, IN area is $1,127 a month, 13% below the Indiana average and 36% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 49 ZIP codes range from $1,010 to $1,650.
- $1,1272-bedroom FMR+$14 (+1.3%) vs FY 2026
- $8721-bedroom FMRU.S.: $1,478
- $45,080Income for a 2-bedroomat 30% of income
- 270,494Residents3 counties
| Unit | Evansville, IN FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $866 | $853 | +$13 (+1.5%) | $1,005 | $1,379 | $34,640 |
| 1 bedroom | $872 | $860 | +$12 (+1.4%) | $1,082 | $1,478 | $34,880 |
| 2 bedrooms | $1,127 | $1,113 | +$14 (+1.3%) | $1,302 | $1,761 | $45,080 |
| 3 bedrooms | $1,387 | $1,370 | +$17 (+1.2%) | $1,642 | $2,266 | $55,480 |
| 4 bedrooms | $1,534 | $1,539 | −$5 (−0.3%) | $1,904 | $2,607 | $61,360 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| Posey County, IN | 25,116 |
| Vanderburgh County, IN | 180,117 |
| Warrick County, IN | 65,261 |
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 $1,140.
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 47523 | $770 | $810 | $1,050 | $1,370 | $1,450 | +$70 (+7.1%) | 7% below |
| 47537 | $770 | $780 | $1,010 | $1,340 | $1,390 | +$50 (+5.2%) | 10% below |
| 47541 | $810 | $820 | $1,070 | $1,410 | $1,720 | +$60 (+5.9%) | 5% below |
| 47601 | $780 | $780 | $1,010 | $1,250 | $1,390 | −$10 (−1.0%) | 10% below |
| 47610 | $820 | $830 | $1,070 | $1,320 | $1,460 | −$20 (−1.8%) | 5% below |
| 47612 | $780 | $780 | $1,010 | $1,250 | $1,390 | +$50 (+5.2%) | 10% below |
| 47613 | $900 | $910 | $1,170 | $1,440 | $1,600 | +$20 (+1.7%) | 4% above |
| 47616 | $770 | $780 | $1,010 | $1,350 | $1,480 | +$40 (+4.1%) | 10% below |
| 47618 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47619 | $780 | $780 | $1,010 | $1,250 | $1,390 | +$40 (+4.1%) | 10% below |
| 47620 | $780 | $780 | $1,010 | $1,250 | $1,390 | +$50 (+5.2%) | 10% below |
| 47629 | $900 | $910 | $1,170 | $1,440 | $1,590 | no change | 4% above |
| 47630 | $990 | $1,000 | $1,290 | $1,590 | $1,760 | +$10 (+0.8%) | 14% above |
| 47631 | $800 | $800 | $1,040 | $1,280 | $1,420 | −$10 (−1.0%) | 8% below |
| 47633 | $780 | $780 | $1,010 | $1,250 | $1,390 | +$50 (+5.2%) | 10% below |
| 47637 | $770 | $780 | $1,010 | $1,280 | $1,390 | +$50 (+5.2%) | 10% below |
| 47638 | $800 | $800 | $1,040 | $1,290 | $1,420 | +$20 (+2.0%) | 8% below |
| 47639 | $800 | $800 | $1,050 | $1,320 | $1,470 | +$40 (+4.0%) | 7% below |
| 47660 | $810 | $820 | $1,070 | $1,350 | $1,500 | +$50 (+4.9%) | 5% below |
| 47701 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47702 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47703 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47704 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47705 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47706 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47708 | $1,010 | $1,020 | $1,320 | $1,620 | $1,800 | no change | 17% above |
| 47710 | $820 | $830 | $1,070 | $1,320 | $1,460 | +$30 (+2.9%) | 5% below |
| 47711 | $880 | $880 | $1,140 | $1,400 | $1,550 | no change | 1% above |
| 47712 | $840 | $840 | $1,090 | $1,340 | $1,480 | −$20 (−1.8%) | 3% below |
| 47713 | $850 | $860 | $1,110 | $1,370 | $1,510 | +$30 (+2.8%) | 2% below |
| 47714 | $910 | $910 | $1,180 | $1,450 | $1,610 | +$60 (+5.4%) | 5% above |
| 47715 | $980 | $980 | $1,270 | $1,560 | $1,730 | +$30 (+2.4%) | 13% above |
| 47716 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47719 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47720 | $920 | $930 | $1,200 | $1,480 | $1,630 | −$20 (−1.6%) | 6% above |
| 47721 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47724 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47725 | $1,270 | $1,280 | $1,650 | $2,030 | $2,250 | +$70 (+4.4%) | 46% above |
| 47728 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47730 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47731 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47732 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47733 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47734 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47735 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47736 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47737 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47747 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 1% above |
| 47750 | $880 | $880 | $1,140 | $1,400 | $1,550 | +$10 (+0.9%) | 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.