Grant County, IN

2024 Fair Market Rents

Tags: 2024 Indiana

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 Grant County are Elwood, Gas City, Fairmount, and Jonesboro. 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 Grant County use?

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

Grant County ($863) has a 13.8% lower FMR for 2-Bedroom housing than the average of Indiana ($1,001) and therefore has a lower gross rent.

Grant County is rank 74th out of 92 counties. This means the FMRs, or in other words, the gross rent is lower than 73 other counties. Grant County is the 19th cheapest county in terms of FMRs.

Rent Tables Grant County, IN

Fair Market Rent (40th Percentile)

$585
studio
$684
1-Bedroom
$863
2-Bedroom
$1,119
3-Bedroom
$1,285
4-Bedroom

Median Rent (50th Percentile)

$613
studio
$717
1-Bedroom
$904
2-Bedroom
$1,173
3-Bedroom
$1,346
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
46036 $0 $810 $1,050 $1,350 $1,510
46928 $0 $800 $1,050 $1,350 $1,410
46036 $0 $810 $1,050 $1,350 $1,510
46919 $0 $700 $870 $1,150 $1,270
46928 $0 $800 $1,050 $1,350 $1,410
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46036 $657 $729 $945 $1,215 $1,359
46928 $666 $720 $945 $1,215 $1,269
46036 $657 $729 $945 $1,215 $1,359
46919 $630 $630 $783 $1,035 $1,143
46928 $666 $720 $945 $1,215 $1,269
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46036 $803 $891 $1,155 $1,485 $1,661
46928 $814 $880 $1,155 $1,485 $1,551
46036 $803 $891 $1,155 $1,485 $1,661
46919 $770 $770 $957 $1,265 $1,397
46928 $814 $880 $1,155 $1,485 $1,551

Fair Market Rents on this page apply to the following cities in Grant County, Indiana: Elwood, Gas City, Fairmount, Jonesboro, La Fontaine, Converse, Swayzee, Van Buren, Sweetser, Fowlerton, and Matthews.

These Fair Market Rents also apply to the following ZIP codes in Grant County, Indiana: 46036, 46933, 46928, 46938, 46940, 46919, 46986, 46991, 46987, 46930, and 46957.

More on Grant County, IN

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Data Source

HUD Seal

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