HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Harrison County, Indiana (FY 2027)
A two-bedroom in Harrison County carries a FY 2027 Fair Market Rent of $1,276 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Harrison keys off that figure.
Two-bedroom FMR
$1,276
+0.3% from FY 2026
Payment standard
$1,148–$1,404
90% to 110% of the FMR, two-bedroom
Income to afford
$51,040
a year, with rent at 30% of income
Rank in Indiana
20th 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 | $976 | $878–$1,074 | $39,040 | $18.77/hr | +1.0% |
| 1 bedroom | $1,058 | $952–$1,164 | $42,320 | $20.35/hr | +1.1% |
| 2 bedroom | $1,276 | $1,148–$1,404 | $51,040 | $24.54/hr | +0.3% |
| 3 bedroom | $1,629 | $1,466–$1,792 | $65,160 | $31.33/hr | +0.2% |
| 4 bedroom | $1,874 | $1,687–$2,061 | $74,960 | $36.04/hr | -0.9% |
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 | $2,155 | $1,940–$2,371 |
| 6 bedroom Estimate | $2,436 | $2,192–$2,680 |
| 7 bedroom Estimate | $2,717 | $2,445–$2,989 |
| 8 bedroom Estimate | $2,998 | $2,698–$3,298 |
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 Harrison actually rent for?
Search any address in Harrison 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 Harrison somewhere between $1,148 and $1,404. 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.
$1,276 a month is affordable, by HUD's 30% rule, on an income of roughly $51,040 a year. Put another way, $25 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%$1,148 | Voucher pays at 100%$1,276 | Voucher pays at 110%$1,404 |
|---|---|---|---|---|
| $2,500 | $750 | $398 | $526 | $654 |
| $4,000 | $1,200 | $0 | $76 | $204 |
Rate history
The two-bedroom rate went up 0% from FY 2026 ($1,272) to FY 2027 ($1,276). Since FY 2020 it's up 46% in total, about 5.6% 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 | $614 | $713 | $872 | $1,174 | $1,331 | — |
| FY 2021 | $649 | $760 | $918 | $1,229 | $1,408 | +5.3% |
| FY 2022 | $690 | $800 | $960 | $1,279 | $1,468 | +4.6% |
| FY 2023 | $776 | $876 | $1,052 | $1,395 | $1,602 | +9.6% |
| FY 2024 | $976 | $1,077 | $1,301 | $1,701 | $1,955 | +23.7% |
| FY 2025 | $1,003 | $1,094 | $1,330 | $1,714 | $1,989 | +2.2% |
| FY 2026 | $966 | $1,047 | $1,272 | $1,625 | $1,891 | -4.4% |
| FY 2027In effect | $976 | $1,058 | $1,276 | $1,629 | $1,874 | +0.3% |
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 Harrison, that runs from $976 for a studio up to $1,874 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Harrison in with 7 other counties in the Louisville metro, Jefferson County, Clark County, Bullitt County among them, and every one of them gets $1,276 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Indiana's 92 counties, Harrison ranks 20th for two-bedroom FMR. That's about 17% above the state median of $1,086 and about 20% above the national median county at $1,063. About 39,859 people live here, 38th 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 47115 (Depauw) and $1,450 in 47166 (Ramsey), with the 13 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 |
|---|---|---|---|
| 47107 | Bradford | $1,030 | -19.3% |
| 47110 | Central | $1,060 | -16.9% |
| 47112 | Corydon | $1,060 | -16.9% |
| 47114 | Crandall | $1,170 | -8.3% |
| 47115 | Depauw | $1,010 | -20.8% |
| 47117 | Elizabeth | $1,010 | -20.8% |
| 47135 | Laconia | $1,020 | -20.1% |
| 47136 | Lanesville | $1,120 | -12.2% |
| 47142 | Mauckport | $1,030 | -19.3% |
| 47160 | New Middletown | $1,020 | -20.1% |
| 47161 | New Salisbury | $1,380 | +8.2% |
| 47164 | Palmyra | $1,010 | -20.8% |
| 47166 | Ramsey | $1,450 | +13.6% |
Counties sharing the Louisville metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,276 two-bedroom figure as Harrison.
Nearby counties
Two-bedroom FMR, with how each compares to Harrison.
Floyd County
12 mi · 80,918 people
$1,276
same rate
Crawford County
20 mi · 10,499 people
$1,014
-21%
Washington County
21 mi · 28,212 people
$1,014
-21%
Clark County
26 mi · 124,354 people
$1,276
same rate
Perry County
31 mi · 19,270 people
$1,014
-21%
Orange County
34 mi · 19,767 people
$1,014
-21%
Scott County
37 mi · 24,526 people
$1,047
-18%
Dubois County
42 mi · 43,614 people
$1,014
-21%
Questions people ask
$1,276 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $976 for a studio, $1,058 for one bedroom, $1,629 for three and $1,874 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 Harrison actually go for?
HUD's number is one input. Search any address in Harrison for a rent estimate built from nearby comps. Free to start, no card.
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