The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Mc Cordsville, IN 46055's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 46055 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $1,071 to a high of $1,309, with an average of $1,190.
One-bedroom: One-bedroom rental prices vary, with a minimum of $1,242, a maximum of $1,518, and an average of $1,380.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $1,467, peaking at a maximum of $1,793, and averaging at $1,630.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,908, a maximum of $2,332, and an average of $2,120.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $2,313 to a maximum of $2,827, with an average of $2,570.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Mc Cordsville, IN 46055 Low Rent (90%) $1,071 $1,242 $1,467 $1,908 $2,313
Average Rent $1,190 $1,380 $1,630 $2,120 $2,570
High Rent(110%) $1,309 $1,518 $1,793 $2,332 $2,827
2023 Mc Cordsville, IN 46055 Low Rent (90%) $837 $981 $1,161 $1,521 $1,818
Average Rent $930 $1,090 $1,290 $1,690 $2,020
High Rent (110%) $1,023 $1,199 $1,419 $1,859 $2,222
2022 Mc Cordsville, IN 46055 Low Rent (90%) $738 $855 $1,026 $1,350 $1,593
Average Rent $820 $950 $1,140 $1,500 $1,770
High Rent(110%) $902 $1,045 $1,254 $1,650 $1,947
2021 Mc Cordsville, IN 46055 Low Rent (90%) $774 $891 $1,080 $1,422 $1,665
Average Rent $860 $990 $1,200 $1,580 $1,850
High Rent (110%) $946 $1,089 $1,320 $1,738 $2,035
2020 Mc Cordsville, IN 46055 Low Rent (90%) $819 $936 $1,143 $1,521 $1,737
Average Rent $910 $1,040 $1,270 $1,690 $1,930
High Rent(110%) $1,001 $1,144 $1,397 $1,859 $2,123
2019 Mc Cordsville, IN 46055 Low Rent (90%) $846 $972 $1,188 $1,584 $1,800
Average Rent $940 $1,080 $1,320 $1,760 $2,000
High Rent (110%) $1,034 $1,188 $1,452 $1,936 $2,200


Discover Section 8 FMR by zip code