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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,400 to $1,830 a month across the 7 ZIP codes that cover Washington Township (Marion County).

By ZIP code: 46260 $1,560, 46240 $1,820, 46220 $1,790, 46228 $1,830, 46205 $1,590, 46250 $1,690, 46208 $1,400.

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 Washington Township (Marion County) is $1,330 (±$36), below the Small Area figure for ZIP 46260.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46260: $1,560
2 bedrooms, ZIP 46240: $1,820
2 bedrooms, ZIP 46220: $1,790

Fair Market Rents for Washington 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 46260 (99% of the ZIP’s land is in this place)	$1,210	$1,360	$1,560	$2,020	$2,460	$1,128
ZIP 46240 (98% of the ZIP’s land is in this place)	$1,410	$1,580	$1,820	$2,360	$2,870	$1,311
ZIP 46220 (83% of the ZIP’s land is in this place)	$1,380	$1,560	$1,790	$2,320	$2,830	$1,376
ZIP 46228 (80% of the ZIP’s land is in this place)	$1,410	$1,590	$1,830	$2,370	$2,890	$1,260
ZIP 46205 (67% of the ZIP’s land is in this place)	$1,230	$1,380	$1,590	$2,060	$2,510	$1,176
ZIP 46250 (46% of the ZIP’s land is in this place)	$1,310	$1,470	$1,690	$2,190	$2,670	$1,326
ZIP 46208 (45% of the ZIP’s land is in this place)	$1,080	$1,220	$1,400	$1,810	$2,210	$1,075

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 Washington Township (Marion County)

What is the Section 8 payment standard in Washington 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 46260 is $1,560.

What is the Fair Market Rent for a two-bedroom in ZIP 46260?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46260 is $1,560 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,128 (±$41).

What is the Fair Market Rent for a two-bedroom in ZIP 46240?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46240 is $1,820 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,311 (±$84).

What is the Fair Market Rent for a two-bedroom in ZIP 46220?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46220 is $1,790 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,376 (±$48).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46260 is $1,360 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.