Tipton 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).

$1,2392-bedroom FMR, FY2027

$9471-bedroom FMR, FY2027

$72,30080% income limit, family of 4 (FY2026)

$90,400Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Tipton County is $1,239 a month, up 11.7% from $1,109 in FY2026. Tipton County belongs to the Tipton 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 Tipton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$941	$840	+12.0%	$847 – $1,035
1 bedroom	$947	$845	+12.1%	$853 – $1,041
2 bedrooms	$1,239	$1,109	+11.7%	$1,116 – $1,362
3 bedrooms	$1,476	$1,330	+11.0%	$1,329 – $1,623
4 bedrooms	$1,628	$1,725	−5.6%	$1,466 – $1,790

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 Tipton County that is typically $1,116 to $1,362 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?

$49,587median income of renter households

$842Median gross rent, all units

20%Rent-to-income ratio (median rent ÷ median renter income)

27%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $49,587 can afford about $1,240 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,239 is $1 (0.1%) less than that. To rent a two-bedroom at the FMR, a household needs $49,560 a year under the 30% rule, or $44,604 under the common landlord rule that income must be three times the rent.

Tipton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$842 ±$37
Median income of renter households	$49,587 ±$5,439
Renters paying 30% or more of income (cost-burdened)	26.9% ±9.7
Renters paying 50% or more (severely cost-burdened)	12.7% ±6.8
Renter households (where the share can be computed)	999

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$798	$842	+5.5%
Median renter household income	$35,031	$49,587	+41.6%
Renters paying 30%+ of income	49.0%	26.9%	−22.1 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 $1,120 to $1,470 depending on the ZIP code.

All 14 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
46031	$1,130	$1,240	$1,470	$1,870	$2,240
46036	$910	$920	$1,200	$1,570	$1,580
46039	$890	$900	$1,130	$1,430	$1,560
46045	$930	$940	$1,230	$1,470	$1,620
46047	$930	$940	$1,230	$1,470	$1,620
46049	$900	$1,060	$1,240	$1,620	$1,950
46050	$910	$940	$1,150	$1,520	$1,600
46068	$1,050	$1,050	$1,380	$1,640	$1,810
46069	$860	$970	$1,120	$1,450	$1,760
46072	$930	$1,060	$1,240	$1,620	$1,950
46076	$1,020	$1,020	$1,340	$1,590	$1,760
46902	$920	$920	$1,190	$1,430	$1,650
46936	$910	$920	$1,180	$1,420	$1,640
46979	$910	$920	$1,180	$1,420	$1,640

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

HUD income limits for Tipton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $90,400 (FY2025: $95,700, −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%)	$19,000 −4.0%	$21,700 −4.0%	$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%)	$31,650 −3.9%	$36,200 −3.9%	$40,700 −3.9%	$45,200 −3.9%	$48,850 −3.8%	$52,450 −3.9%	$56,050 −3.9%	$59,700 −3.9%
Low income (80%)	$50,650 −4.0%	$57,850 −4.0%	$65,100 −4.0%	$72,300 −4.0%	$78,100 −4.0%	$83,900 −3.9%	$89,700 −4.0%	$95,450 −4.0%

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.