Metro FMR area · IN · HUD FY 2027
Muncie, IN Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Muncie, IN area is $1,145 a month, 12% below the Indiana average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 24 ZIP codes range from $1,010 to $1,410.
- $1,1452-bedroom FMR+$102 (+9.8%) vs FY 2026
- $9131-bedroom FMRU.S.: $1,478
- $45,800Income for a 2-bedroomat 30% of income
- 112,280Residents1 county
| Unit | Muncie, IN FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $899 | $803 | +$96 (+12.0%) | $1,005 | $1,379 | $35,960 |
| 1 bedroom | $913 | $845 | +$68 (+8.0%) | $1,082 | $1,478 | $36,520 |
| 2 bedrooms | $1,145 | $1,043 | +$102 (+9.8%) | $1,302 | $1,761 | $45,800 |
| 3 bedrooms | $1,438 | $1,349 | +$89 (+6.6%) | $1,642 | $2,266 | $57,520 |
| 4 bedrooms | $1,890 | $1,685 | +$205 (+12.2%) | $1,904 | $2,607 | $75,600 |
Counties in this FMR area
| County | Residents in area |
|---|---|
| Delaware County, IN | 112,280 |
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 $1,130.
| 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%) | 2% above |
| 46012 | $1,070 | $1,080 | $1,410 | $1,840 | $1,860 | +$140 (+11.0%) | 23% above |
| 46017 | $1,040 | $1,050 | $1,370 | $1,790 | $1,800 | +$130 (+10.5%) | 20% above |
| 46070 | $920 | $920 | $1,210 | $1,580 | $1,590 | +$90 (+8.0%) | 6% above |
| 46989 | $750 | $800 | $1,010 | $1,340 | $1,520 | +$50 (+5.2%) | 12% below |
| 47302 | $870 | $880 | $1,110 | $1,390 | $1,830 | +$90 (+8.8%) | 3% below |
| 47303 | $920 | $930 | $1,170 | $1,470 | $1,930 | +$100 (+9.3%) | 2% above |
| 47304 | $980 | $1,000 | $1,250 | $1,570 | $2,060 | +$130 (+11.6%) | 9% above |
| 47305 | $800 | $810 | $1,010 | $1,280 | $1,680 | +$50 (+5.2%) | 12% below |
| 47306 | $960 | $980 | $1,220 | $1,540 | $2,010 | +$120 (+10.9%) | 7% above |
| 47307 | $900 | $920 | $1,150 | $1,440 | $1,900 | +$110 (+10.6%) | about the same as |
| 47308 | $900 | $920 | $1,150 | $1,440 | $1,900 | +$110 (+10.6%) | about the same as |
| 47320 | $850 | $910 | $1,120 | $1,430 | $1,700 | +$160 (+16.7%) | 2% below |
| 47334 | $840 | $850 | $1,070 | $1,340 | $1,760 | +$110 (+11.5%) | 7% below |
| 47336 | $810 | $820 | $1,070 | $1,400 | $1,520 | +$100 (+10.3%) | 7% below |
| 47338 | $800 | $810 | $1,010 | $1,290 | $1,680 | +$50 (+5.2%) | 12% below |
| 47342 | $810 | $830 | $1,090 | $1,440 | $1,680 | +$120 (+12.4%) | 5% below |
| 47354 | $1,020 | $1,160 | $1,360 | $1,700 | $1,840 | +$200 (+17.2%) | 19% above |
| 47356 | $820 | $830 | $1,090 | $1,440 | $1,520 | +$110 (+11.2%) | 5% below |
| 47367 | $870 | $880 | $1,110 | $1,390 | $1,830 | +$90 (+8.8%) | 3% below |
| 47368 | $750 | $960 | $1,060 | $1,380 | $1,520 | +$100 (+10.4%) | 7% below |
| 47383 | $930 | $950 | $1,190 | $1,490 | $1,960 | +$80 (+7.2%) | 4% above |
| 47386 | $850 | $850 | $1,070 | $1,310 | $1,560 | +$80 (+8.1%) | 7% below |
| 47396 | $890 | $900 | $1,130 | $1,420 | $1,870 | +$120 (+11.9%) | 1% 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.