FY2027 Small Area FMR · Lebanon, IN

ZIP 46052 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46052 (Lebanon, IN) is $1,280 a month, up 4.1% from FY2026. That is 17% below the Indianapolis-Carmel, IN area-wide FMR of $1,536.

2-bedroom SAFMR$1,280per month ▲ 4.1%

Area-wide 2 BR FMR$1,536Indianapolis-Carmel, IN

Rank in the area99thof 136 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$990▲ 6.5%

1 BR$1,110▲ 4.7%

2 BR$1,280▲ 4.1%

3 BR$1,660▲ 4.4%

4 BR$2,020▲ 3.6%

FY2027 FY2026

Where 46052 sits in the Indianapolis-Carmel, IN area

Of the 136 ZIP codes HUD lists for the area, 46052 has the 99th highest two-bedroom Small Area FMR. Indianapolis-Carmel, IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,152 and $1,408 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$990	$891 – $1,089	$1,187	$930
1 bedroom	$1,110	$999 – $1,221	$1,336	$1,060
2 bedrooms	$1,280	$1,152 – $1,408	$1,536	$1,230
3 bedrooms	$1,660	$1,494 – $1,826	$1,991	$1,590
4 bedrooms	$2,020	$1,818 – $2,222	$2,425	$1,950

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $110,300 and the 80% low-income limit for four people is $88,250. ZIP code 46052 lies mainly in Boone County and Hendricks County. See the Indianapolis-Carmel, IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46075	Whitestown	6.8 mi	$2,300
46102	Advance	9.2 mi	$1,380
46071	Thorntown	9.6 mi	$1,280
46077	Zionsville	10.1 mi	$2,230
46147	Jamestown	10.1 mi	$1,280
46167	Pittsboro	11.5 mi	$1,410

Questions

What is the Fair Market Rent for ZIP code 46052?

HUD's FY2027 Small Area Fair Market Rents for 46052 are $990 (studio), $1,110 (1 BR), $1,280 (2 BR), $1,660 (3 BR) and $2,020 (4 BR) a month.

What is the Section 8 payment standard in 46052?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46052 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46052?

The FY2026 income limits of the Indianapolis-Carmel, IN area apply: median family income $110,300, low-income (80%) limit $88,250 for a family of four.