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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,420 to $1,980 a month across the 6 ZIP codes that cover Wayne Township (Marion County).

By ZIP code: 46214 $1,440, 46224 $1,470, 46222 $1,420, 46241 $1,480, 46231 $1,980, 46234 $1,850.

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 Wayne Township (Marion County) is $1,151 (±$21), below the Small Area figure for ZIP 46214.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,536
2 bedrooms, ZIP 46214: $1,440
2 bedrooms, ZIP 46224: $1,470
2 bedrooms, ZIP 46222: $1,420

Fair Market Rents for Wayne 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 46214	$1,110	$1,250	$1,440	$1,870	$2,270	$1,196
ZIP 46224	$1,140	$1,280	$1,470	$1,910	$2,320	$1,095
ZIP 46222 (89% of the ZIP’s land is in this place)	$1,100	$1,230	$1,420	$1,840	$2,240	$1,069
ZIP 46241 (59% of the ZIP’s land is in this place)	$1,140	$1,290	$1,480	$1,920	$2,340	$1,208
ZIP 46231 (37% of the ZIP’s land is in this place)	$1,530	$1,720	$1,980	$2,570	$3,130	$1,254
ZIP 46234 (35% of the ZIP’s land is in this place)	$1,430	$1,610	$1,850	$2,400	$2,920	$1,559

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 Wayne Township (Marion County)

What is the Section 8 payment standard in Wayne 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 46214 is $1,440.

What is the Fair Market Rent for a two-bedroom in ZIP 46214?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46214 is $1,440 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,196 (±$51).

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 two-bedroom in ZIP 46222?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46222 is $1,420 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,069 (±$35).

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

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46214 is $1,250 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.