Logo Tipton County Fair Market Rent FY 2016 Tipton County, IN Rental Data

Fair Market Rent Prices in Tipton County, IN :
$490 $549 $697 $883 $955
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Tipton County are low compared to the national average. This FMR area is less expensive than 54% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Tipton County is $697 per month.

This FMR rate applies to Goldsmith, IN, Hobbs, IN, Tipton, IN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY18159N18159.

Additionally, This Fair Market Rent (FMR) area Tipton County, IN spans one county or city in Indiana which is listed in the table below. Estimated population of Tipton County, IN FMR area is 15,936 people based on 2010 Census data.

Compared to the rest of Indiana, the Tipton County FMR area is more expensive than 56% 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 Tipton County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Tipton County

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 $ 513
1-BR 1-Bedroom $ 575
2-BR 2-Bedroom $ 730
3-BR 3-Bedroom $ 925
4-BR 4-Bedroom $ 1001
Change Year:

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

County / Region Est. Population
Tipton County, IN 15,936
Zip Codes in Tipton County, IN

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

46045, 46047 and 46072

Lookup Fair Market Rent by Zip Code