What is the Fair Market Rent in Hammond, IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,230 to $1,540 a month across the 5 ZIP codes that cover Hammond.

By ZIP code: 46324 $1,450, 46327 $1,410, 46323 $1,540, 46320 $1,300, 46394 $1,230.

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 Hammond is $1,157 (±$39), below the Small Area figure for ZIP 46324.

Figures last updated on .

2 bedrooms, whole area
$1,429
2 bedrooms, ZIP 46324
$1,450
2 bedrooms, ZIP 46327
$1,410
2 bedrooms, ZIP 46323
$1,540

Fair Market Rents for Hammond, 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 46324$1,130$1,190$1,450$1,760$1,930$1,172
ZIP 46327$1,100$1,160$1,410$1,720$1,870$1,093
ZIP 46323$1,200$1,270$1,540$1,870$2,050$1,274
ZIP 46320 (99% of the ZIP’s land is in this place)$1,020$1,070$1,300$1,580$1,730$994
ZIP 46394 (62% of the ZIP’s land is in this place)$960$1,010$1,230$1,500$1,630$986

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 Hammond

What is the Section 8 payment standard in Hammond?

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 46324 is $1,450.

What is the Fair Market Rent for a two-bedroom in ZIP 46324?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46324 is $1,450 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,172 (±$60).

What is the Fair Market Rent for a two-bedroom in ZIP 46327?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46327 is $1,410 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,093 (±$57).

What is the Fair Market Rent for a two-bedroom in ZIP 46323?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46323 is $1,540 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,274 (±$84).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46324 is $1,190 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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