Jasper County, IN: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,3492-bedroom FMR, FY2027

$1,0311-bedroom FMR, FY2027

$78,10080% income limit, family of 4 (FY2026)

$97,600Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Jasper County is $1,349 a month, up 14.9% from $1,174 in FY2026. Jasper County belongs to the Jasper County, IN HUD Metro FMR Area FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Jasper County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,024	$889	+15.2%	$922 – $1,126
1 bedroom	$1,031	$895	+15.2%	$928 – $1,134
2 bedrooms	$1,349	$1,174	+14.9%	$1,215 – $1,483
3 bedrooms	$1,741	$1,535	+13.4%	$1,567 – $1,915
4 bedrooms	$1,773	$1,554	+14.1%	$1,596 – $1,950

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Jasper County that is typically $1,215 to $1,483 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$45,106median income of renter households

$962Median gross rent, all units

26%Rent-to-income ratio (median rent ÷ median renter income)

44%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $45,106 can afford about $1,128 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,349 is $221 (19.6%) more than that. To rent a two-bedroom at the FMR, a household needs $53,960 a year under the 30% rule, or $48,564 under the common landlord rule that income must be three times the rent.

Jasper County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$962 ±$44
Median income of renter households	$45,106 ±$6,129
Renters paying 30% or more of income (cost-burdened)	43.8% ±7.8
Renters paying 50% or more (severely cost-burdened)	13.5% ±5.1
Renter households (where the share can be computed)	1,820

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$796	$962	+20.9%
Median renter household income	$37,162	$45,106	+21.4%
Renters paying 30%+ of income	42.8%	43.8%	+1.0 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,010 to $1,480 depending on the ZIP code.

All 14 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
46310	$1,010	$1,020	$1,320	$1,690	$1,740
46341	$920	$970	$1,180	$1,440	$1,570
46374	$810	$810	$1,060	$1,390	$1,560
46380	$1,030	$1,030	$1,350	$1,740	$1,770
46392	$1,030	$1,040	$1,360	$1,760	$1,790
47922	$1,020	$1,080	$1,310	$1,590	$1,740
47943	$960	$980	$1,240	$1,560	$1,640
47946	$1,110	$1,290	$1,480	$2,040	$2,440
47948	$790	$830	$1,010	$1,240	$1,370
47957	$930	$1,090	$1,240	$1,720	$2,070
47959	$880	$900	$1,180	$1,410	$1,550
47977	$900	$930	$1,190	$1,520	$1,800
47978	$1,000	$1,010	$1,320	$1,700	$1,730
47995	$910	$930	$1,210	$1,440	$1,800

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Jasper County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $97,600 (FY2025: $102,700, −5.0%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,550 −4.9%	$23,450 −4.9%	$27,320 −1.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,200 −4.7%	$39,050 −4.9%	$43,950 −4.9%	$48,800 −4.9%	$52,750 −4.9%	$56,650 −4.9%	$60,550 −4.9%	$64,450 −4.9%
Low income (80%)	$54,700 −4.9%	$62,500 −4.9%	$70,300 −4.9%	$78,100 −4.9%	$84,350 −4.9%	$90,600 −4.9%	$96,850 −4.9%	$103,100 −4.9%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.