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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,370 to $1,790 a month across the 4 ZIP codes that cover Perry Township (Marion County).

By ZIP code: 46227 $1,370, 46217 $1,790, 46107 $1,420, 46237 $1,730.

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

The Census Bureau’s median gross rent for a two-bedroom home in Perry Township (Marion County) is $1,100 (±$36), below the Small Area figure for ZIP 46227.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46227: $1,370
2 bedrooms, ZIP 46217: $1,790
2 bedrooms, ZIP 46107: $1,420

Fair Market Rents for Perry Township (Marion 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 46227	$1,060	$1,190	$1,370	$1,780	$2,160	$1,035
ZIP 46217 (99% of the ZIP’s land is in this place)	$1,380	$1,560	$1,790	$2,320	$2,830	$1,324
ZIP 46107 (60% of the ZIP’s land is in this place)	$1,100	$1,230	$1,420	$1,840	$2,240	$1,120
ZIP 46237 (38% of the ZIP’s land is in this place)	$1,340	$1,500	$1,730	$2,240	$2,730	$1,279

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 Perry Township (Marion County)

What is the Section 8 payment standard in Perry Township (Marion 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 46227 is $1,370.

What is the Fair Market Rent for a two-bedroom in ZIP 46227?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46227 is $1,370 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,035 (±$32).

What is the Fair Market Rent for a two-bedroom in ZIP 46217?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46217 is $1,790 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,324 (±$104).

What is the Fair Market Rent for a two-bedroom in ZIP 46107?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46107 is $1,420 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,120 (±$42).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46227 is $1,190 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.