HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Greene County, Indiana (FY 2027)
A two-bedroom in Greene County carries a FY 2027 Fair Market Rent of $1,014 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Greene keys off that figure.
Two-bedroom FMR
$1,014
+6.1% from FY 2026
Payment standard
$913–$1,115
90% to 110% of the FMR, two-bedroom
Income to afford
$40,560
a year, with rent at 30% of income
Rank in Indiana
71st of 92
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $770 | $693–$847 | $30,800 | $14.81/hr | +6.4% |
| 1 bedroom | $775 | $698–$853 | $31,000 | $14.90/hr | +6.3% |
| 2 bedroom | $1,014 | $913–$1,115 | $40,560 | $19.50/hr | +6.1% |
| 3 bedroom | $1,266 | $1,139–$1,393 | $50,640 | $24.35/hr | +5.0% |
| 4 bedroom | $1,533 | $1,380–$1,686 | $61,320 | $29.48/hr | +15.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,763 | $1,587–$1,939 |
| 6 bedroom Estimate | $1,993 | $1,794–$2,192 |
| 7 bedroom Estimate | $2,223 | $2,001–$2,445 |
| 8 bedroom Estimate | $2,453 | $2,208–$2,698 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Greene actually rent for?
Search any address in Greene for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Greene somewhere between $913 and $1,115. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,014 a month is affordable, by HUD's 30% rule, on an income of roughly $40,560 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$913 | Voucher pays at 100%$1,014 | Voucher pays at 110%$1,115 |
|---|---|---|---|---|
| $2,500 | $750 | $163 | $264 | $365 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 6% from FY 2026 ($956) to FY 2027 ($1,014). Since FY 2020 it's up 42% in total, about 5.1% a year. The Indiana median moved up 8% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $491 | $585 | $714 | $890 | $1,254 | — |
| FY 2021 | $504 | $567 | $732 | $937 | $1,129 | +2.5% |
| FY 2022 | $516 | $563 | $738 | $989 | $1,087 | +0.8% |
| FY 2023 | $584 | $632 | $826 | $1,132 | $1,231 | +11.9% |
| FY 2024 | $631 | $672 | $863 | $1,171 | $1,303 | +4.5% |
| FY 2025 | $703 | $707 | $928 | $1,206 | $1,352 | +7.5% |
| FY 2026 | $724 | $729 | $956 | $1,206 | $1,330 | +3.0% |
| FY 2027In effect | $770 | $775 | $1,014 | $1,266 | $1,533 | +6.1% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Greene, that runs from $770 for a studio up to $1,533 for four bedrooms, all five rates in the table above.
Because Greene sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Bloomfield included.
Among Indiana's 92 counties, Greene ranks 71st for two-bedroom FMR. That's about 7% below the state median of $1,086 and about 5% below the national median county at $1,063. About 31,021 people live here, 53rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 47441 (Linton) and $1,090 in 47459 (Solsberry), with the 11 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 47424 | Bloomfield | $1,080 | +6.5% |
| 47438 | Jasonville | $1,050 | +3.6% |
| 47439 | Koleen | $1,014County rate | — |
| 47441 | Linton | $1,010 | -0.4% |
| 47443 | Lyons | $1,080 | +6.5% |
| 47445 | Midland | $1,030 | +1.6% |
| 47449 | Newberry | $1,060 | +4.5% |
| 47453 | Owensburg | $1,080 | +6.5% |
| 47457 | Scotland | $1,010 | -0.4% |
| 47459 | Solsberry | $1,090 | +7.5% |
| 47465 | Switz City | $1,010 | -0.4% |
| 47471 | Worthington | $1,010 | -0.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Greene.
Daviess County
20 mi · 33,658 people
$1,090
+7%
Martin County
21 mi · 9,830 people
$1,014
same rate
Owen County
21 mi · 21,604 people
$1,014
same rate
Sullivan County
23 mi · 20,780 people
$1,067
+5%
Monroe County
26 mi · 140,965 people
$1,252
+23%
Knox County
27 mi · 36,007 people
$1,014
same rate
Clay County
28 mi · 26,409 people
$1,164
+15%
Lawrence County
29 mi · 45,102 people
$1,026
+1%
Questions people ask
$1,014 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $770 for a studio, $775 for one bedroom, $1,266 for three and $1,533 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Greene actually go for?
HUD's number is one input. Search any address in Greene for a rent estimate built from nearby comps. Free to start, no card.
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