What is the Fair Market Rent in Marion Township (Boone County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,120 to $2,300 a month across the 2 ZIP codes that cover Marion Township (Boone County).

By ZIP code: 46069 $1,120, 46075 $2,300.

Across the whole Indianapolis-Carmel, IN HUD Metro FMR Area the two-bedroom figure is $1,536.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46069: $1,120
2 bedrooms, ZIP 46075: $2,300

Fair Market Rents for Marion Township (Boone County), 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
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Indianapolis-Carmel, IN HUD Metro FMR Area (whole area)	$1,187	$1,336	$1,536	$1,991	$2,425	—
ZIP 46069 (33% of the ZIP’s land is in this place)	$860	$970	$1,120	$1,450	$1,760	$742
ZIP 46075 (26% of the ZIP’s land is in this place)	$1,780	$2,000	$2,300	$2,980	$3,630	$2,034

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 Marion Township (Boone County)

What is the Section 8 payment standard in Marion Township (Boone County)?

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 Indianapolis-Carmel, IN HUD Metro FMR Area is $1,536, and the Small Area figure for 46069 is $1,120.

What is the Fair Market Rent for a two-bedroom in ZIP 46069?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46069 is $1,120 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $742 (±$212).

What is the Fair Market Rent for a two-bedroom in ZIP 46075?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46075 is $2,300 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $2,034 (±$255).

What is the Fair Market Rent for a one-bedroom in Marion Township (Boone County)?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46069 is $970 a month, against $1,336 across the Indianapolis-Carmel, 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.