HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Vanderburgh County, Indiana (FY 2027)
A two-bedroom in Vanderburgh County carries a FY 2027 Fair Market Rent of $1,127 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Vanderburgh keys off that figure.
Two-bedroom FMR
$1,127
+1.3% from FY 2026
Payment standard
$1,014–$1,240
90% to 110% of the FMR, two-bedroom
Income to afford
$45,080
a year, with rent at 30% of income
Rank in Indiana
40th 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 | $866 | $779–$953 | $34,640 | $16.65/hr | +1.5% |
| 1 bedroom | $872 | $785–$959 | $34,880 | $16.77/hr | +1.4% |
| 2 bedroom | $1,127 | $1,014–$1,240 | $45,080 | $21.67/hr | +1.3% |
| 3 bedroom | $1,387 | $1,248–$1,526 | $55,480 | $26.67/hr | +1.2% |
| 4 bedroom | $1,534 | $1,381–$1,687 | $61,360 | $29.50/hr | -0.3% |
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 | $1,764 | $1,588–$1,940 |
| 6 bedroom Estimate | $1,994 | $1,795–$2,193 |
| 7 bedroom Estimate | $2,224 | $2,002–$2,446 |
| 8 bedroom Estimate | $2,454 | $2,209–$2,699 |
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 Vanderburgh actually rent for?
Search any address in Vanderburgh 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 Vanderburgh somewhere between $1,014 and $1,240. 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.
$1,127 a month is affordable, by HUD's 30% rule, on an income of roughly $45,080 a year. Put another way, $22 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%$1,014 | Voucher pays at 100%$1,127 | Voucher pays at 110%$1,240 |
|---|---|---|---|---|
| $2,500 | $750 | $264 | $377 | $490 |
| $4,000 | $1,200 | $0 | $0 | $40 |
Rate history
The two-bedroom rate went up 1% from FY 2026 ($1,113) to FY 2027 ($1,127). 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 | $565 | $624 | $793 | $1,035 | $1,097 | — |
| FY 2021 | $597 | $670 | $845 | $1,107 | $1,222 | +6.6% |
| FY 2022 | $621 | $706 | $880 | $1,153 | $1,326 | +4.1% |
| FY 2023 | $691 | $778 | $973 | $1,260 | $1,462 | +10.6% |
| FY 2024 | $766 | $850 | $1,070 | $1,360 | $1,558 | +10.0% |
| FY 2025 | $780 | $821 | $1,054 | $1,300 | $1,473 | -1.5% |
| FY 2026 | $853 | $860 | $1,113 | $1,370 | $1,539 | +5.6% |
| FY 2027In effect | $866 | $872 | $1,127 | $1,387 | $1,534 | +1.3% |
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 Vanderburgh, that runs from $866 for a studio up to $1,534 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 Vanderburgh in with 2 other counties in the Evansville metro, Warrick County, Posey County among them, and every one of them gets $1,127 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, Vanderburgh ranks 40th for two-bedroom FMR. That's about 4% above the state median of $1,086 and about 6% above the national median county at $1,063. About 180,117 people live here, 9th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,070 in 47710 (Evansville) and $1,650 in 47725 (Evansville), with the 31 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 |
|---|---|---|---|
| 47618 | Inglefield | $1,140 | +1.2% |
| 47701 | Evansville | $1,140 | +1.2% |
| 47702 | Evansville | $1,140 | +1.2% |
| 47703 | Evansville | $1,140 | +1.2% |
| 47704 | Evansville | $1,140 | +1.2% |
| 47705 | Evansville | $1,140 | +1.2% |
| 47706 | Evansville | $1,140 | +1.2% |
| 47708 | Evansville | $1,320 | +17.1% |
| 47710 | Evansville | $1,070 | -5.1% |
| 47711 | Evansville | $1,140 | +1.2% |
| 47712 | Evansville | $1,090 | -3.3% |
| 47713 | Evansville | $1,110 | -1.5% |
| 47714 | Evansville | $1,180 | +4.7% |
| 47715 | Evansville | $1,270 | +12.7% |
| 47716 | Evansville | $1,140 | +1.2% |
| 47719 | Evansville | $1,140 | +1.2% |
| 47720 | Evansville | $1,200 | +6.5% |
| 47721 | Evansville | $1,140 | +1.2% |
| 47722 | Evansville | $1,127County rate | — |
| 47724 | Evansville | $1,140 | +1.2% |
| 47725 | Evansville | $1,650 | +46.4% |
| 47728 | Evansville | $1,140 | +1.2% |
| 47730 | Evansville | $1,140 | +1.2% |
| 47731 | Evansville | $1,140 | +1.2% |
| 47732 | Evansville | $1,140 | +1.2% |
| 47733 | Evansville | $1,140 | +1.2% |
| 47734 | Evansville | $1,140 | +1.2% |
| 47735 | Evansville | $1,140 | +1.2% |
| 47736 | Evansville | $1,140 | +1.2% |
| 47737 | Evansville | $1,140 | +1.2% |
| 47740 | Evansville | $1,127County rate | — |
| 47747 | Evansville | $1,140 | +1.2% |
| 47750 | Evansville | $1,140 | +1.2% |
Counties sharing the Evansville metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,127 two-bedroom figure as Vanderburgh.
Nearby counties
Two-bedroom FMR, with how each compares to Vanderburgh.
Posey County
16 mi · 25,116 people
$1,127
same rate
Warrick County
16 mi · 65,261 people
$1,127
same rate
Gibson County
21 mi · 33,000 people
$1,083
-4%
Spencer County
32 mi · 19,955 people
$1,014
-10%
Pike County
33 mi · 12,154 people
$1,014
-10%
Dubois County
45 mi · 43,614 people
$1,014
-10%
Perry County
51 mi · 19,270 people
$1,014
-10%
Knox County
53 mi · 36,007 people
$1,014
-10%
Questions people ask
$1,127 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $866 for a studio, $872 for one bedroom, $1,387 for three and $1,534 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 Vanderburgh actually go for?
HUD's number is one input. Search any address in Vanderburgh for a rent estimate built from nearby comps. Free to start, no card.
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