Fayette County fair market rent FY 2027Indiana, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Fayette County, Indiana is $1,014 a month, effective October 1, 2026: $706 for a studio, $843 for one bedroom, $1,261 for three and $1,350 for four. The FY 2026 two-bedroom FMR was $956 (+6.1%).
Fayette County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $706 | $659 | +7.1% | $635 to $776 |
| 1 bedroom | $843 | $754 | +11.8% | $758 to $927 |
| 2 bedrooms | $1,014 | $956 | +6.1% | $912 to $1,115 |
| 3 bedrooms | $1,261 | $1,184 | +6.5% | $1,134 to $1,387 |
| 4 bedrooms | $1,350 | $1,266 | +6.6% | $1,215 to $1,485 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Fayette County compares
Fayette County's two-bedroom FMR of $1,014 is the 63rd highest of 92 counties in Indiana, where the county median is $1,086 and the range $1,014 to $1,536. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Fayette County ranks 1846th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Fayette County, IN it lists 10 ZIP codes, with two-bedroom Small Area FMRs from $1,010 to $1,320. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Indiana counties · Fair market rents in every state
More for Fayette County
- Fayette County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Fayette County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Fayette County property
HeritageDeed does not search title records in Fayette County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Fayette County fair market rent
What is the fair market rent in Fayette County for FY 2027?
$706 for a studio, $843 for one bedroom, $1,014 for two, $1,261 for three and $1,350 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Fayette County for FY 2026?
$659 for a studio, $754 for one bedroom, $956 for two, $1,184 for three and $1,266 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Fayette County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $912 to $1,115 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Fayette County's fair market rent high for Indiana?
$1,014 for two bedrooms ranks 63rd of 92 counties in Indiana; the state's county median is $1,086 (range $1,014 to $1,536) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/indiana/fayette-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.