Upper-half FMR gap - Indianapolis-Carmel, IN HUD Metro FMR Area
Displayed gap in Indianapolis-Carmel, IN HUD Metro FMR Area: +30.1% (HUD $1,473 vs ACS $1,132) · counties in FMR rows: Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Marion County, Morgan County .
FMR gap dispatch plate
CBSA 26900 · Indianapolis-Carmel, IN -30.1% shortfall
GAP-GENEROUS · FMR-ABOVE · SPREAD-PLUS · PHOTO-FINISH · COUNTY-DENSE · BOOK-FULL
- GAP-GENEROUS 30.1% surplus
- FMR-ABOVE #269/396 · P68
- SPREAD-PLUS +$341
- PHOTO-FINISH Coeur d'Alene
- COUNTY-DENSE 8 counties
- BOOK-FULL HUD+ACS pair
Nearest shortfall peer: Coeur d'Alene, ID Metro Area (+0.1pp)
HUD's reference overshoots the ACS median by $341/mo. Lease-up odds are usually better than in shortfall markets, though still compare Coeur d'Alene, ID Metro Area before assuming portability helps.
Instrument codes from this metro’s HUD FMR vs ACS shortfall band, national FMR quartile, dollar spread, gap peer, county footprint, and book completeness, not a moving recommendation.
Shortfall neighbourhood around Indianapolis-Carmel, IN
Metros nearest this CBSA on voucher-vs-market shortfall (HUD FMR vs ACS 2-BR median). Full ladder: /gap/.
- Crestview-Fort W -29.91
Crestview-Fort W: -29.9% shortfall
-29.91 % shortfall
- Coeur d'Alene -30
Coeur d'Alene: -30.0% shortfall
-30 % shortfall
- Indianapolis-C · this metro -30.12
Indianapolis-C · this metro: -30.1% shortfall
-30.12 % shortfall
- Bakersfield-Dela -30.32
Bakersfield-Dela: -30.3% shortfall
-30.32 % shortfall
- Brunswick-St. Si -30.34
Brunswick-St. Si: -30.3% shortfall
-30.34 % shortfall
How does Indianapolis-Carmel, IN compare with nearby FMR areas?
These are the twelve metros closest to Indianapolis-Carmel, IN on the displayed voucher-vs-market margin. Their county lists are HUD FMR-area coverage, not a claim that the markets are interchangeable.
- Coeur d'Alene, ID Metro Area
-30.0% shortfall · HUD $1,547 vs ACS $1,190 · $+$357/mo
HUD FMR-area counties: Kootenai County.
- Bakersfield-Delano, CA Metro Area
-30.3% shortfall · HUD $1,483 vs ACS $1,138 · $+$345/mo
HUD FMR-area counties: Kern County.
- Crestview-Fort Walton Beach-Destin, FL Metro Area
-29.9% shortfall · HUD $1,785 vs ACS $1,374 · $+$411/mo
HUD FMR-area counties: Okaloosa County.
- Brunswick-St. Simons, GA Metro Area
-30.3% shortfall · HUD $1,293 vs ACS $992 · $+$301/mo
HUD FMR-area counties: Brantley County, Glynn County, McIntosh County.
- Miami-Fort Lauderdale-West Palm Beach, FL Metro Area
-29.9% shortfall · HUD $2,333 vs ACS $1,796 · $+$537/mo
HUD FMR-area counties: Broward County.
- Redding, CA Metro Area
-29.9% shortfall · HUD $1,590 vs ACS $1,224 · $+$366/mo
HUD FMR-area counties: Shasta County.
- Albuquerque, NM Metro Area
-30.4% shortfall · HUD $1,464 vs ACS $1,123 · $+$341/mo
HUD FMR-area counties: Bernalillo County, Sandoval County, Torrance County, Valencia County.
- Santa Rosa-Petaluma, CA Metro Area
-30.4% shortfall · HUD $2,827 vs ACS $2,168 · $+$659/mo
HUD FMR-area counties: Sonoma County.
- Albany-Schenectady-Troy, NY Metro Area
-29.8% shortfall · HUD $1,702 vs ACS $1,311 · $+$391/mo
HUD FMR-area counties: Albany County, Rensselaer County, Saratoga County, Schenectady County, Schoharie County.
- Manchester-Nashua, NH Metro Area
-30.6% shortfall · HUD $2,127 vs ACS $1,629 · $+$498/mo
HUD FMR-area counties: Hillsborough County, Hillsborough County, Hillsborough County, Hillsborough County, Hillsborough County, Hillsborough County.
- Eugene-Springfield, OR Metro Area
-29.6% shortfall · HUD $1,688 vs ACS $1,302 · $+$386/mo
HUD FMR-area counties: Lane County.
- San Luis Obispo-Paso Robles, CA Metro Area
-29.6% shortfall · HUD $2,512 vs ACS $1,938 · $+$574/mo
HUD FMR-area counties: San Luis Obispo County.
Source: HUD USER FY2026 Fair Market Rent area records and Census ACS 2019–2023 median gross rent.
IN FMR scale context
These are the closest FY2026 2-BR FMR values in IN; they help place this HUD reference on its state scale, but do not substitute for each metro’s ACS rent comparison.
- Columbus, IN MSA $1,415 (−$58)
- South Bend-Mishawaka, IN HUD Metro FMR Area $1,292 (−$181)
- Lafayette-West Lafayette, IN HUD Metro FMR Area $1,242 (−$231)
- Bloomington, IN HUD Metro FMR Area $1,210 (−$263)
- Elkhart-Goshen, IN MSA $1,183 (−$290)
- Michigan City-La Porte, IN MSA $1,152 (−$321)
- Kokomo, IN MSA $1,123 (−$350)
- Evansville, IN MSA $1,113 (−$360)
- Fort Wayne, IN HUD Metro FMR Area $1,113 (−$360)
- Terre Haute, IN HUD Metro FMR Area $1,094 (−$379)
Low-FMR contrast (scale only)
Huntington-Ashland, WV-KY-OH HUD Metro FMR Area ($973 2-BR); Baker County, FL HUD Metro FMR Area ($1,103 2-BR); Austin County, TX HUD Metro FMR Area ($1,095 2-BR); Houma-Bayou Cane-Thibodaux, LA MSA ($1,102 2-BR) . Opposite-quartile FMR metros for scale, not gap substitutes for Indianapolis-Carmel, IN HUD Metro FMR Area.
Indianapolis-Carmel, IN HUD Metro FMR Area gap inputs
- HUD 2-BR FMR (FY2026): $1,473/mo
- ACS 2019–2023 2-BR median: $1,132/mo
- Displayed gap: +30.1%
- National FMR percentile: 68 (#269/396)
displayed % = (HUD 2-BR − ACS 2-BR median) / ACS median × 100
IN HCV agencies (scale-keyed)
- Housing Authority of the City of Warsaw
- Housing Authority of the City of Marion, IN
- Crawfordsville Housing Authority
- Housing Authority of the City of Jeffersonville
- Housing Authority of the City of Elkhart
- Columbus Housing Authority
- Housing Authority of the City of Michigan City
- Vincennes Housing Authority
Full payment standards for Indianapolis-Carmel, IN HUD Metro FMR Area · Payment standards vs FMR
Source: HUD USER Fair Market Rent FY2026, Census ACS median gross rent. Gap is PlainVoucher-derived. Methodology.
Disclaimer. For informational purposes only, not a substitute for PHA counseling or legal advice. Median gross rent reflects rents paid by current tenants; asking rents for available units typically run higher. Actual PHA payment standards can differ from HUD FMR by ±10%. Always confirm the current payment standard with your PHA. PlainVoucher is not affiliated with HUD or any PHA.