Above-median FMR - Indianapolis-Carmel, IN HUD Metro FMR Area
HUD FY2026 2-BR Fair Market Rent for Indianapolis-Carmel, IN HUD Metro FMR Area is $1,473/month - 68th percentile of 396 published metro FMR areas (#269 cheapest→expensive) ; voucher vs ACS median: 30.1% above market ; FMR rows touch Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Marion County, Morgan County .
Geography note: HUD divides this CBSA into 3 separate Fair Market Rent areas, each with its own rent schedule. The amounts above are for Indianapolis-Carmel, IN HUD Metro FMR Area only, not the whole metro.
Upper-half placement for Indianapolis-Carmel, IN HUD Metro FMR Area
Above the national median but shy of the top quartile. Closest amounts: Visalia, CA MSA; Knoxville, TN HUD Metro FMR Area; Pensacola-Ferry Pass-Brent, FL MSA; Dover, DE MSA .
Low-FMR contrast set: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area, Baker County, FL HUD Metro FMR Area, Austin County, TX HUD Metro FMR Area, Houma-Bayou Cane-Thibodaux, LA MSA, Hot Springs, AR MSA, Callaway County, MO HUD Metro FMR Area .
IN-state FMR neighbors for Indianapolis-Carmel, IN HUD Metro FMR Area
Closest 2-BR amounts inside IN: Columbus, IN MSA ($1,415); South Bend-Mishawaka, IN HUD Metro FMR Area ($1,292); Lafayette-West Lafayette, IN HUD Metro FMR Area ($1,242); Bloomington, IN HUD Metro FMR Area ($1,210); Elkhart-Goshen, IN MSA ($1,183); Michigan City-La Porte, IN MSA ($1,152); Kokomo, IN MSA ($1,123); Evansville, IN MSA ($1,113) . Alphabetical “nearby” lists are intentionally not used here - amount proximity is the comparison that matters for payment standards.
What are the HUD FY2026 bedroom FMRs for Indianapolis-Carmel, IN HUD Metro FMR Area?
| Size | HUD FMR |
|---|---|
| Studio | $1,118/mo |
| 1-BR | $1,267/mo |
| 2-BR | $1,473/mo |
| 3-BR | $1,907/mo |
| 4-BR | $2,338/mo |
Section 8 payment standard range for Indianapolis-Carmel, IN HUD Metro FMR Area
HUD lets each Public Housing Authority set its payment standard between 90% and 110% of the published Fair Market Rent for the bedroom size served. These dollar amounts are derived from HUD FY2026 FMR for Indianapolis-Carmel, IN HUD Metro FMR Area; your PHA may choose a figure inside this band. This is not a quote for a specific unit, availability, or waitlist status.
| Size | HUD FMR | 90% floor | 110% ceiling |
|---|---|---|---|
| Studio | $1,118/mo | $1,006/mo | $1,230/mo |
| 1-BR | $1,267/mo | $1,140/mo | $1,394/mo |
| 2-BR | $1,473/mo | $1,326/mo | $1,620/mo |
| 3-BR | $1,907/mo | $1,716/mo | $2,098/mo |
| 4-BR | $2,338/mo | $2,104/mo | $2,572/mo |
For a 2-bedroom in Indianapolis-Carmel, IN HUD Metro FMR Area, the HUD reference rent is $1,473/month, so the lawful payment-standard band runs $1,326–$1,620/month before any tenant income share.
HUD FMR filing-year trail · Indianapolis-Carmel, IN HUD Metro FMR Area
Published two-bedroom Fair Market Rent for this HUD area across FY2022-2026. Year-over-year deltas compare adjacent fiscal years only. This is a historical HUD reference-rent series, not a PHA payment standard, unit quote, availability, eligibility, or waitlist result.
- Latest 2-BR
- $1,473
- FY2026
- vs prior FY
- +14.8%
- from FY2025 $1,283
- Span change
- +56.9%
- FY2022-2026
- Years shown
- 5
- HUD FMR history
| FY | 2-BR FMR | YoY |
|---|---|---|
| 2022 | $939/mo | - |
| 2023 | $1,065/mo | +13.4% |
| 2024 | $1,349/mo | +26.7% |
| 2025 | $1,283/mo | -4.9% |
| 2026 | $1,473/mo | +14.8% |
Source: HUD USER Fair Market Rents historical series for Indianapolis-Carmel, IN HUD Metro FMR Area, FY2022-2026. Adjacent-year deltas only.
ACS median 2-BR rent $1,132/mo → 30.1% above market (generous). Detail: gap analysis for Indianapolis-Carmel, IN HUD Metro FMR Area.
IN agencies near this metro's scale key
Housing authorities in IN whose HCV caseload sits closest to a CBSA-stable scale target (not the statewide giants list - that list was identical across siblings):
- 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
- Housing Authority of the City of Mishawaka
- Knox County Housing Authority
Full near-amount ladder
- Visalia, CA MSA · $1,474
- Knoxville, TN HUD Metro FMR Area · $1,471
- Pensacola-Ferry Pass-Brent, FL MSA · $1,471
- Dover, DE MSA · $1,470
- Punta Gorda, FL MSA · $1,470
- Hanford-Corcoran, CA MSA · $1,469
- Myrtle Beach-North Myrtle Beach-Conway, SC HUD Metro FMR Area · $1,465
- Albuquerque, NM MSA · $1,464
- Bakersfield-Delano, CA MSA · $1,483
- Provo-Orem-Lehi, UT MSA · $1,460
- Gainesville, FL HUD Metro FMR Area · $1,493
- Harrisburg-Carlisle, PA MSA · $1,493
What to do with this FMR desk
Indianapolis-Carmel, IN HUD FY2026 2-BR FMR is $1,473/mo; use the schedule as a source desk, not a lease quote.
- Read the FY2022-2026 filing trail (+56.9% across the span) before comparing peers. FMR history on this page
- Open the voucher-vs-market gap board for this CBSA (30.1% above market). Metro gap page
- Confirm how PHAs may set payment standards at 90-110% of FMR, and why the two figures are not interchangeable. FMR vs payment standard
FMR is HUD's published Fair Market Rent for this FMR area. It is not a PHA payment standard, unit quote, eligibility result, or waitlist status. Confirm any leasing figure with the PHA that serves the unit.
Source: HUD USER Fair Market Rent (FY2026) ; Census ACS median gross rent. Confirm the live PHA figure before leasing. Methodology.
Verify with HUD → · Verify with U.S. Census Bureau → · Set a September HUD update reminder