ZIP 46242 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 46242 in the Indianapolis-Carmel, IN FMR area.
$1,140Efficiency
$1,2801 bedroom
$1,4702 bedrooms
$1,9103 bedrooms
$2,3204 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $1,140 | $1,026 | $1,254 | $1,187 |
| 1 bedroom | $1,280 | $1,152 | $1,408 | $1,336 |
| 2 bedrooms | $1,470 | $1,323 | $1,617 | $1,536 |
| 3 bedrooms | $1,910 | $1,719 | $2,101 | $1,991 |
| 4 bedrooms | $2,320 | $2,088 | $2,552 | $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 46242?
HUD's FY2027 Small Area FMRs for ZIP 46242 (Indianapolis-Carmel, IN) are $1,140 efficiency, $1,280 one bedroom, $1,470 two bedrooms, $1,910 three and $2,320 four bedrooms.
What payment standard can a housing authority set in ZIP 46242?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,323 to $1,617.