Boone County, IN

2024 Fair Market Rents

Tags: 2024 Indianapolis-Carmel, IN HUD Metro FMR Area

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Return to the state page to see where Indiana ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Boone County are Carmel, Brownsburg, Crawfordsville, and Zionsville. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Boone County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Boone County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Boone County compare?

Boone County ($1,349) has a 34.8% higher FMR for 2-Bedroom housing than the average of Indiana ($1,001) and therefore a higher gross rent.

Boone County is rank 1st out of 92 counties. This means the FMRs, or in other words, the gross rent is higher than all other counties. Boone County is the most expensive county in terms of FMRs.

Rent Tables Boone County, IN

Fair Market Rent (40th Percentile)

$982
studio
$1,145
1-Bedroom
$1,349
2-Bedroom
$1,758
3-Bedroom
$2,126
4-Bedroom

Median Rent (50th Percentile)

$1,052
studio
$1,225
1-Bedroom
$1,444
2-Bedroom
$1,882
3-Bedroom
$2,275
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46032 $1,330 $1,540 $1,820 $2,370 $2,870
46035 $870 $1,010 $1,190 $1,550 $1,880
46041 $720 $830 $970 $1,260 $1,510
46050 $750 $870 $1,030 $1,340 $1,620
46052 $840 $980 $1,150 $1,500 $1,810
46069 $800 $930 $1,100 $1,430 $1,730
46071 $900 $1,040 $1,230 $1,600 $1,940
46075 $1,330 $1,540 $1,820 $2,370 $2,870
46077 $1,430 $1,660 $1,960 $2,550 $3,090
46102 $1,100 $1,280 $1,510 $1,970 $2,380
46112 $1,160 $1,350 $1,590 $2,070 $2,510
46147 $920 $1,080 $1,270 $1,660 $2,000
46149 $960 $1,120 $1,320 $1,720 $2,080
46167 $980 $1,150 $1,350 $1,760 $2,130
46268 $1,030 $1,200 $1,410 $1,840 $2,220
46278 $1,150 $1,340 $1,570 $2,050 $2,480
47933 $1,100 $1,280 $1,510 $1,970 $2,380
47968 $900 $1,050 $1,240 $1,620 $1,950
46041 $720 $830 $970 $1,260 $1,510
46041 $720 $830 $970 $1,260 $1,510
46041 $720 $830 $970 $1,260 $1,510
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46032 $1,197 $1,386 $1,638 $2,133 $2,583
46035 $783 $909 $1,071 $1,395 $1,692
46041 $648 $747 $873 $1,134 $1,359
46050 $675 $783 $927 $1,206 $1,458
46052 $756 $882 $1,035 $1,350 $1,629
46069 $720 $837 $990 $1,287 $1,557
46071 $810 $936 $1,107 $1,440 $1,746
46075 $1,197 $1,386 $1,638 $2,133 $2,583
46077 $1,287 $1,494 $1,764 $2,295 $2,781
46102 $990 $1,152 $1,359 $1,773 $2,142
46112 $1,044 $1,215 $1,431 $1,863 $2,259
46147 $828 $972 $1,143 $1,494 $1,800
46149 $864 $1,008 $1,188 $1,548 $1,872
46167 $882 $1,035 $1,215 $1,584 $1,917
46268 $927 $1,080 $1,269 $1,656 $1,998
46278 $1,035 $1,206 $1,413 $1,845 $2,232
47933 $990 $1,152 $1,359 $1,773 $2,142
47968 $810 $945 $1,116 $1,458 $1,755
46041 $648 $747 $873 $1,134 $1,359
46041 $648 $747 $873 $1,134 $1,359
46041 $648 $747 $873 $1,134 $1,359
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46032 $1,463 $1,694 $2,002 $2,607 $3,157
46035 $957 $1,111 $1,309 $1,705 $2,068
46041 $792 $913 $1,067 $1,386 $1,661
46050 $825 $957 $1,133 $1,474 $1,782
46052 $924 $1,078 $1,265 $1,650 $1,991
46069 $880 $1,023 $1,210 $1,573 $1,903
46071 $990 $1,144 $1,353 $1,760 $2,134
46075 $1,463 $1,694 $2,002 $2,607 $3,157
46077 $1,573 $1,826 $2,156 $2,805 $3,399
46102 $1,210 $1,408 $1,661 $2,167 $2,618
46112 $1,276 $1,485 $1,749 $2,277 $2,761
46147 $1,012 $1,188 $1,397 $1,826 $2,200
46149 $1,056 $1,232 $1,452 $1,892 $2,288
46167 $1,078 $1,265 $1,485 $1,936 $2,343
46268 $1,133 $1,320 $1,551 $2,024 $2,442
46278 $1,265 $1,474 $1,727 $2,255 $2,728
47933 $1,210 $1,408 $1,661 $2,167 $2,618
47968 $990 $1,155 $1,364 $1,782 $2,145
46041 $792 $913 $1,067 $1,386 $1,661
46041 $792 $913 $1,067 $1,386 $1,661
46041 $792 $913 $1,067 $1,386 $1,661

Fair Market Rents on this page apply to the following cities in Boone County, Indiana: Carmel, Brownsburg, Crawfordsville, Zionsville, Indianapolis, Frankfort, Lebanon, Sheridan, Pittsboro, Thorntown, Jamestown, Whitestown, Lizton, Kirklin, Colfax, New Ross, and Advance.

These Fair Market Rents also apply to the following ZIP codes in Boone County, Indiana: 46032, 46112, 47933, 46077, 46268, 46041, 46052, 46278, 46069, 46167, 46071, 46147, 46075, 46149, 46050, 46035, 47968, and 46102.

Boone County, IN is considered part of the following metro FMR area: INDIANAPOLIS-CARMEL, IN HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Brown County, IN, Hamilton County, IN, Hancock County, IN, Hendricks County, IN, Johnson County, IN, Marion County, IN, Morgan County, IN, and Shelby County, IN.

More on Boone County, IN

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.