ZIP 47435 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 47435 in the Indianapolis-Carmel, IN FMR area.
$990Efficiency
$1,1101 bedroom
$1,2802 bedrooms
$1,6503 bedrooms
$2,0104 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $990 | $891 | $1,089 | $1,187 |
| 1 bedroom | $1,110 | $999 | $1,221 | $1,336 |
| 2 bedrooms | $1,280 | $1,152 | $1,408 | $1,536 |
| 3 bedrooms | $1,650 | $1,485 | $1,815 | $1,991 |
| 4 bedrooms | $2,010 | $1,809 | $2,211 | $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 47435?
HUD's FY2027 Small Area FMRs for ZIP 47435 (Indianapolis-Carmel, IN) are $990 efficiency, $1,110 one bedroom, $1,280 two bedrooms, $1,650 three and $2,010 four bedrooms.
What payment standard can a housing authority set in ZIP 47435?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,152 to $1,408.