What is the Fair Market Rent in Speedway, IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46224, which covers Speedway, is $1,470 a month.

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 Speedway is $1,149 (±$32), below the Small Area figure for ZIP 46224.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46224: $1,470

Fair Market Rents for Speedway, 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 46224 (47% of the ZIP’s land is in this place)	$1,140	$1,280	$1,470	$1,910	$2,320	$1,095

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 Speedway

What is the Section 8 payment standard in Speedway?

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 46224 is $1,470.

What is the Fair Market Rent for a two-bedroom in ZIP 46224?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46224 is $1,470 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,095 (±$34).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46224 is $1,280 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.