Hendricks County, IN

2024 Fair Market Rents

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

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The top four largest cities in Hendricks County are Avon, Plainfield, Indianapolis, and Mooresville. 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 Hendricks County use?

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

Hendricks 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.

Hendricks 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. Hendricks County is the most expensive county in terms of FMRs.

Rent Tables Hendricks 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
46103 $0 $1,340 $1,580 $2,060 $2,490
46113 $0 $1,370 $1,620 $2,110 $2,550
46118 $0 $1,040 $1,230 $1,600 $1,940
46121 $0 $1,110 $1,390 $1,840 $2,160
46122 $0 $1,080 $1,270 $1,660 $2,000
46123 $0 $1,430 $1,690 $2,200 $2,660
46158 $0 $1,090 $1,280 $1,670 $2,020
46165 $0 $1,070 $1,280 $1,670 $2,010
46168 $0 $1,220 $1,440 $1,880 $2,270
46180 $0 $1,010 $1,240 $1,630 $1,940
46231 $0 $1,670 $1,970 $2,570 $3,100
46234 $0 $1,400 $1,650 $2,150 $2,600
46121 $0 $1,110 $1,390 $1,840 $2,160
46165 $0 $1,070 $1,280 $1,670 $2,010
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46103 $1,035 $1,206 $1,422 $1,854 $2,241
46113 $1,062 $1,233 $1,458 $1,899 $2,295
46118 $810 $936 $1,107 $1,440 $1,746
46121 $918 $999 $1,251 $1,656 $1,944
46122 $828 $972 $1,143 $1,494 $1,800
46123 $1,107 $1,287 $1,521 $1,980 $2,394
46158 $837 $981 $1,152 $1,503 $1,818
46165 $837 $963 $1,152 $1,503 $1,809
46168 $945 $1,098 $1,296 $1,692 $2,043
46180 $819 $909 $1,116 $1,467 $1,746
46231 $1,287 $1,503 $1,773 $2,313 $2,790
46234 $1,080 $1,260 $1,485 $1,935 $2,340
46121 $918 $999 $1,251 $1,656 $1,944
46165 $837 $963 $1,152 $1,503 $1,809
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46103 $1,265 $1,474 $1,738 $2,266 $2,739
46113 $1,298 $1,507 $1,782 $2,321 $2,805
46118 $990 $1,144 $1,353 $1,760 $2,134
46121 $1,122 $1,221 $1,529 $2,024 $2,376
46122 $1,012 $1,188 $1,397 $1,826 $2,200
46123 $1,353 $1,573 $1,859 $2,420 $2,926
46158 $1,023 $1,199 $1,408 $1,837 $2,222
46165 $1,023 $1,177 $1,408 $1,837 $2,211
46168 $1,155 $1,342 $1,584 $2,068 $2,497
46180 $1,001 $1,111 $1,364 $1,793 $2,134
46231 $1,573 $1,837 $2,167 $2,827 $3,410
46234 $1,320 $1,540 $1,815 $2,365 $2,860
46121 $1,122 $1,221 $1,529 $2,024 $2,376
46165 $1,023 $1,177 $1,408 $1,837 $2,211

Fair Market Rents on this page apply to the following cities in Hendricks County, Indiana: Avon, Plainfield, Indianapolis, Mooresville, Danville, Camby, Coatesville, Clayton, North Salem, Stilesville, and Amo.

These Fair Market Rents also apply to the following ZIP codes in Hendricks County, Indiana: 46123, 46168, 46234, 46158, 46122, 46113, 46231, 46121, 46118, 46165, 46180, and 46103.

Hendricks 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: Hamilton County, IN, Johnson County, IN, Shelby County, IN, Hancock County, IN, Boone County, IN, Brown County, IN, Marion County, IN, and Morgan County, IN.

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