Franklin County, IN

2024 Fair Market Rents

Tags: 2024 Franklin County, IN HUD Metro FMR Area

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 Franklin County are Batesville, Liberty, Metamora, and Oldenburg. 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 Franklin County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Franklin 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 Franklin County compare?

Franklin County ($939) has a 6.2% lower FMR for 2-Bedroom housing than the average of Indiana ($1,001) and therefore has a lower gross rent.

Franklin County is rank 43rd out of 92 counties. This means the FMRs, or in other words, the gross rent is higher than 49 other counties. Franklin County is the 43rd most expensive county in terms of FMRs.

Rent Tables Franklin County, IN

Fair Market Rent (40th Percentile)

$636
studio
$715
1-Bedroom
$939
2-Bedroom
$1,292
3-Bedroom
$1,330
4-Bedroom

Median Rent (50th Percentile)

$672
studio
$754
1-Bedroom
$991
2-Bedroom
$1,364
3-Bedroom
$1,403
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
47003 $0 $670 $860 $1,160 $1,390
47006 $0 $760 $1,000 $1,380 $1,420
47010 $0 $740 $960 $1,300 $1,430
47016 $0 $820 $1,080 $1,490 $1,530
47030 $0 $750 $990 $1,360 $1,400
47035 $0 $820 $1,070 $1,440 $1,570
47036 $0 $740 $970 $1,340 $1,370
47353 $0 $730 $950 $1,280 $1,530
47003 $0 $670 $860 $1,160 $1,390
47010 $0 $740 $960 $1,300 $1,430
47353 $0 $730 $950 $1,280 $1,530
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
47003 $522 $603 $774 $1,044 $1,251
47006 $612 $684 $900 $1,242 $1,278
47010 $585 $666 $864 $1,170 $1,287
47016 $657 $738 $972 $1,341 $1,377
47030 $603 $675 $891 $1,224 $1,260
47035 $657 $738 $963 $1,296 $1,413
47036 $594 $666 $873 $1,206 $1,233
47353 $576 $657 $855 $1,152 $1,377
47003 $522 $603 $774 $1,044 $1,251
47010 $585 $666 $864 $1,170 $1,287
47353 $576 $657 $855 $1,152 $1,377
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
47003 $638 $737 $946 $1,276 $1,529
47006 $748 $836 $1,100 $1,518 $1,562
47010 $715 $814 $1,056 $1,430 $1,573
47016 $803 $902 $1,188 $1,639 $1,683
47030 $737 $825 $1,089 $1,496 $1,540
47035 $803 $902 $1,177 $1,584 $1,727
47036 $726 $814 $1,067 $1,474 $1,507
47353 $704 $803 $1,045 $1,408 $1,683
47003 $638 $737 $946 $1,276 $1,529
47010 $715 $814 $1,056 $1,430 $1,573
47353 $704 $803 $1,045 $1,408 $1,683

Fair Market Rents on this page apply to the following cities in Franklin County, Indiana: Batesville, Liberty, Metamora, Oldenburg, West College Corner, Cedar Grove, Bath, and New Trenton.

These Fair Market Rents also apply to the following ZIP codes in Franklin County, Indiana: 47006, 47353, 47030, 47036, 47003, 47016, 47010, and 47035.

Franklin County, IN is considered part of the following metro FMR area: FRANKLIN COUNTY, IN HUD METRO FMR AREA.

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