FY2027 Small Area FMR · Brooklyn, IN

ZIP 46111 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46111 (Brooklyn, IN) is $1,380 a month, up 1.5% from FY2026. That is 10% below the Indianapolis-Carmel, IN area-wide FMR of $1,536.

2-bedroom SAFMR$1,380per month ▲ 1.5%

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

Rank in the area83rdof 136 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,242

2 BR Small Area FMR$1,380

110% of SAFMR$1,518

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

Studio$1,070▲ 3.9%

1 BR$1,210▲ 3.4%

2 BR$1,380▲ 1.5%

3 BR$1,790▲ 1.7%

4 BR$2,180▲ 0.9%

FY2027 FY2026

Where 46111 sits in the Indianapolis-Carmel, IN area

Of the 136 ZIP codes HUD lists for the area, 46111 has the 83rd 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 $1,242 and $1,518 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,070	$963 – $1,177	$1,187	$1,030
1 bedroom	$1,210	$1,089 – $1,331	$1,336	$1,170
2 bedrooms	$1,380	$1,242 – $1,518	$1,536	$1,360
3 bedrooms	$1,790	$1,611 – $1,969	$1,991	$1,760
4 bedrooms	$2,180	$1,962 – $2,398	$2,425	$2,160

A household renting a two-bedroom home at the Small Area FMR of $1,380 needs about $55,200 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 46111 lies mainly in Morgan 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
46158	Mooresville	2.8 mi	$1,390
46151	Martinsville	6.6 mi	$1,300
46113	Camby	7.6 mi	$1,860
46157	Monrovia	8.5 mi	$1,080
46106	Bargersville	8.9 mi	$2,040
46183	West Newton	9.1 mi	$1,630

Questions

What is the Fair Market Rent for ZIP code 46111?

HUD's FY2027 Small Area Fair Market Rents for 46111 are $1,070 (studio), $1,210 (1 BR), $1,380 (2 BR), $1,790 (3 BR) and $2,180 (4 BR) a month.

What is the Section 8 payment standard in 46111?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46111 that range is $1,242 to $1,518 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46111?

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.