What is the Fair Market Rent in Monroe Township (Clark County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,010 to $1,100 a month across the 2 ZIP codes that cover Monroe Township (Clark County).

By ZIP code: 47126 $1,010, 47163 $1,100.

Across the whole Louisville, KY-IN HUD Metro FMR Area the two-bedroom figure is $1,276.

The Census Bureau’s median gross rent for a two-bedroom home in Monroe Township (Clark County) is $906 (±$229), within its margin of the Small Area figure for ZIP 47126.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,276
2 bedrooms, ZIP 47126: $1,010
2 bedrooms, ZIP 47163: $1,100

Fair Market Rents for Monroe Township (Clark 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
Louisville, KY-IN HUD Metro FMR Area (whole area)	$976	$1,058	$1,276	$1,629	$1,874	—
ZIP 47126 (91% of the ZIP’s land is in this place)	$780	$840	$1,010	$1,300	$1,500	$853
ZIP 47163 (40% of the ZIP’s land is in this place)	$850	$910	$1,100	$1,410	$1,620	—

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 Monroe Township (Clark County)

What is the Section 8 payment standard in Monroe Township (Clark 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 Louisville, KY-IN HUD Metro FMR Area is $1,276, and the Small Area figure for 47126 is $1,010.

What is the Fair Market Rent for a two-bedroom in ZIP 47126?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47126 is $1,010 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $853 (±$145).

What is the Fair Market Rent for a two-bedroom in ZIP 47163?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47163 is $1,100 a month.

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 47126 is $840 a month, against $1,058 across the Louisville, KY-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.