Logo Indianapolis-Carmel Fair Market Rent FY 2018 Indianapolis-Carmel, IN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Indianapolis-Carmel, IN :
$599 $696 $852 $1,140 $1,296
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Indianapolis-Carmel are high compared to the national average. This FMR area is more expensive than 81% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Indianapolis-Carmel is $852 per month.

The previous year, rent for a two-bedroom home was $850 per month. This is a 0.24% increase year-over-year.

This FMR rate applies to Advance, IN, New Ross, IN, Colfax, IN, Kirklin, IN, Lizton, IN, Whitestown, IN, Jamestown, IN, Thorntown, IN, Pittsboro, IN, Sheridan, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO26900M26900.

Additionally, This Fair Market Rent (FMR) area Indianapolis-Carmel, IN HUD Metro FMR Area spans one county or city in Indiana which is listed in the table below. Estimated population of Indianapolis-Carmel, IN HUD Metro FMR Area FMR area is 56,640 people based on latest Census data.

Compared to the rest of Indiana, the Indianapolis-Carmel FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Indianapolis-Carmel. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Indianapolis-Carmel

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 638
1-BR 1-Bedroom $ 741
2-BR 2-Bedroom $ 907
3-BR 3-Bedroom $ 1213
4-BR 4-Bedroom $ 1379
Change Year:

There is just one county (listed below) within the Indianapolis-Carmel, IN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Indianapolis.

County / Region Est. Population
Indianapolis-Carmel, IN Metro 56,640
Zip Codes in Indianapolis-Carmel, IN HUD Metro FMR Area

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

46032, 46035, 46041, 46050, 46052, 46069, 46071, 46075, 46077, 46102, 46112, 46147, 46149, 46167, 46268, 46278, 47933 and 47968

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