What is the Fair Market Rent in Gary, IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,150 to $1,490 a month across the 7 ZIP codes that cover Gary.

By ZIP code: 46402 $1,260, 46404 $1,300, 46407 $1,150, 46409 $1,490, 46406 $1,260, 46403 $1,220, 46408 $1,330.

Across the whole Gary, IN HUD Metro FMR Area the two-bedroom figure is $1,429.

The Census Bureau’s median gross rent for a two-bedroom home in Gary is $937 (±$29), below the Small Area figure for ZIP 46402.

Figures last updated on .

2 bedrooms, whole area
$1,429
2 bedrooms, ZIP 46402
$1,260
2 bedrooms, ZIP 46404
$1,300
2 bedrooms, ZIP 46407
$1,150

Fair Market Rents for Gary, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Gary, IN HUD Metro FMR Area (whole area)$1,117$1,176$1,429$1,739$1,898—
ZIP 46402$980$1,040$1,260$1,530$1,670$951
ZIP 46404$1,020$1,070$1,300$1,580$1,730$999
ZIP 46407$900$950$1,150$1,400$1,530$868
ZIP 46409 (99% of the ZIP’s land is in this place)$1,160$1,230$1,490$1,810$1,980$1,195
ZIP 46406 (97% of the ZIP’s land is in this place)$980$1,040$1,260$1,530$1,670$995
ZIP 46403 (90% of the ZIP’s land is in this place)$950$1,000$1,220$1,480$1,620$966
ZIP 46408 (54% of the ZIP’s land is in this place)$1,040$1,090$1,330$1,620$1,770$1,061

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Gary

What is the Section 8 payment standard in Gary?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Gary, IN HUD Metro FMR Area is $1,429, and the Small Area figure for 46402 is $1,260.

What is the Fair Market Rent for a two-bedroom in ZIP 46402?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46402 is $1,260 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $951 (±$110).

What is the Fair Market Rent for a two-bedroom in ZIP 46404?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46404 is $1,300 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $999 (±$89).

What is the Fair Market Rent for a two-bedroom in ZIP 46407?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46407 is $1,150 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $868 (±$56).

What is the Fair Market Rent for a one-bedroom in Gary?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46402 is $1,040 a month, against $1,176 across the Gary, IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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