Newton 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).

$1,4292-bedroom FMR, FY2027

$1,1761-bedroom FMR, FY2027

$80,70080% income limit, family of 4 (FY2026)

$100,900Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Newton County is $1,429 a month, up 8.5% from $1,317 in FY2026. Newton County belongs to the Gary, 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 Newton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,117	$959	+16.5%	$1,006 – $1,228
1 bedroom	$1,176	$1,082	+8.7%	$1,059 – $1,293
2 bedrooms	$1,429	$1,317	+8.5%	$1,287 – $1,571
3 bedrooms	$1,739	$1,612	+7.9%	$1,566 – $1,912
4 bedrooms	$1,898	$1,744	+8.8%	$1,709 – $2,087

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 Newton County that is typically $1,287 to $1,571 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?

$48,654median income of renter households

$918Median gross rent, all units

23%Rent-to-income ratio (median rent ÷ median renter income)

40%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $48,654 can afford about $1,216 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,429 is $213 (17.5%) more than that. To rent a two-bedroom at the FMR, a household needs $57,160 a year under the 30% rule, or $51,444 under the common landlord rule that income must be three times the rent.

Newton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$918 ±$81
Median income of renter households	$48,654 ±$14,960
Renters paying 30% or more of income (cost-burdened)	39.7% ±13.4
Renters paying 50% or more (severely cost-burdened)	18.9% ±11.2
Renter households (where the share can be computed)	970

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$707	$918	+29.8%
Median renter household income	$43,854	$48,654	+10.9%
Renters paying 30%+ of income	33.3%	39.7%	+6.4 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 $2,020 depending on the ZIP code.

All 59 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
46301	$1,580	$1,660	$2,020	$2,460	$2,680
46302	$1,080	$1,140	$1,380	$1,680	$1,830
46303	$1,230	$1,300	$1,580	$1,920	$2,100
46304	$1,170	$1,230	$1,500	$1,830	$1,990
46307	$1,290	$1,360	$1,650	$2,010	$2,190
46308	$1,110	$1,170	$1,420	$1,730	$1,890
46310	$1,010	$1,020	$1,320	$1,690	$1,740
46311	$1,160	$1,220	$1,480	$1,800	$1,970
46312	$890	$940	$1,140	$1,390	$1,510
46319	$1,160	$1,230	$1,490	$1,810	$1,980
46320	$1,020	$1,070	$1,300	$1,580	$1,730
46321	$1,470	$1,550	$1,880	$2,290	$2,500
46322	$1,210	$1,280	$1,550	$1,890	$2,060
46323	$1,200	$1,270	$1,540	$1,870	$2,050
46324	$1,130	$1,190	$1,450	$1,760	$1,930
46325	$1,110	$1,170	$1,420	$1,730	$1,890
46327	$1,100	$1,160	$1,410	$1,720	$1,870
46341	$920	$970	$1,180	$1,440	$1,570
46342	$1,120	$1,180	$1,430	$1,740	$1,900
46347	$880	$930	$1,130	$1,400	$1,530
46348	$1,050	$1,130	$1,360	$1,670	$1,920
46349	$940	$990	$1,200	$1,460	$1,590
46355	$1,110	$1,170	$1,420	$1,730	$1,890
46356	$1,200	$1,270	$1,540	$1,870	$2,050
46360	$960	$1,030	$1,240	$1,520	$1,750
46368	$1,160	$1,220	$1,480	$1,800	$1,970
46372	$900	$950	$1,150	$1,400	$1,530
46373	$1,160	$1,230	$1,490	$1,810	$1,980
46375	$1,260	$1,320	$1,610	$1,960	$2,140
46376	$1,050	$1,100	$1,340	$1,630	$1,780
46377	$1,200	$1,270	$1,540	$1,870	$2,050
46379	$990	$1,040	$1,270	$1,540	$1,680
46381	$1,070	$1,110	$1,380	$1,720	$1,830
46383	$1,150	$1,210	$1,470	$1,790	$1,950
46384	$1,160	$1,220	$1,480	$1,800	$1,970
46385	$1,240	$1,310	$1,590	$1,940	$2,110
46390	$1,240	$1,320	$1,600	$1,960	$2,260
46391	$1,210	$1,290	$1,560	$1,900	$2,170
46393	$1,160	$1,230	$1,490	$1,810	$1,970
46394	$960	$1,010	$1,230	$1,500	$1,630
46401	$1,110	$1,170	$1,420	$1,730	$1,890
46402	$980	$1,040	$1,260	$1,530	$1,670
46403	$950	$1,000	$1,220	$1,480	$1,620
46404	$1,020	$1,070	$1,300	$1,580	$1,730
46405	$1,140	$1,200	$1,460	$1,780	$1,940
46406	$980	$1,040	$1,260	$1,530	$1,670
46407	$900	$950	$1,150	$1,400	$1,530
46408	$1,040	$1,090	$1,330	$1,620	$1,770
46409	$1,160	$1,230	$1,490	$1,810	$1,980
46410	$1,380	$1,450	$1,760	$2,140	$2,340
46411	$1,110	$1,170	$1,420	$1,730	$1,890
47922	$1,020	$1,080	$1,310	$1,590	$1,740
47942	$750	$850	$1,010	$1,210	$1,700
47943	$960	$980	$1,240	$1,560	$1,640
47948	$790	$830	$1,010	$1,240	$1,370
47951	$840	$880	$1,070	$1,300	$1,420
47963	$840	$880	$1,070	$1,300	$1,420
47964	$870	$910	$1,120	$1,380	$1,480
47978	$1,000	$1,010	$1,320	$1,700	$1,730

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

HUD income limits for Newton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $100,900 (FY2025: $95,600, +5.5%). 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%)	$21,200 +5.5%	$24,200 +5.2%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$35,350 +5.5%	$40,400 +5.6%	$45,450 +5.6%	$50,450 +5.5%	$54,500 +5.5%	$58,550 +5.6%	$62,600 +5.6%	$66,600 +5.5%
Low income (80%)	$56,500 +5.5%	$64,600 +5.6%	$72,650 +5.5%	$80,700 +5.5%	$87,200 +5.5%	$93,650 +5.5%	$100,100 +5.5%	$106,550 +5.5%

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.