ZIP 46103 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 46103 in the Indianapolis-Carmel, IN FMR area.
$1,040Efficiency
$1,1701 bedroom
$1,3402 bedrooms
$1,7403 bedrooms
$2,1204 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,040 | $936 | $1,144 | $1,187 |
| 1 bedroom | $1,170 | $1,053 | $1,287 | $1,336 |
| 2 bedrooms | $1,340 | $1,206 | $1,474 | $1,536 |
| 3 bedrooms | $1,740 | $1,566 | $1,914 | $1,991 |
| 4 bedrooms | $2,120 | $1,908 | $2,332 | $2,425 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 46103?
HUD's FY2027 Small Area FMRs for ZIP 46103 (Indianapolis-Carmel, IN) are $1,040 efficiency, $1,170 one bedroom, $1,340 two bedrooms, $1,740 three and $2,120 four bedrooms.
What payment standard can a housing authority set in ZIP 46103?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,206 to $1,474.