What is the Fair Market Rent in Vernon Township (Hancock County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,620 to $2,090 a month across the 2 ZIP codes that cover Vernon Township (Hancock County).

By ZIP code: 46055 $2,090, 46040 $1,620.

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 Vernon Township (Hancock County) is $968 (±$90), below the Small Area figure for ZIP 46055.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46055: $2,090
2 bedrooms, ZIP 46040: $1,620

Fair Market Rents for Vernon Township (Hancock 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 46055 (59% of the ZIP’s land is in this place)	$1,620	$1,820	$2,090	$2,710	$3,300	$1,650
ZIP 46040 (40% of the ZIP’s land is in this place)	$1,250	$1,410	$1,620	$2,110	$2,550	$1,528

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 Vernon Township (Hancock County)

What is the Section 8 payment standard in Vernon Township (Hancock 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 46055 is $2,090.

What is the Fair Market Rent for a two-bedroom in ZIP 46055?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46055 is $2,090 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,650 (±$163).

What is the Fair Market Rent for a two-bedroom in ZIP 46040?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46040 is $1,620 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,528 (±$363).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46055 is $1,820 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.