FY2027 Small Area FMR · Eminence, IN
ZIP 46125 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46125 (Eminence, IN) is $1,300 a month, up 5.7% from FY2026. That is 15% below the Indianapolis-Carmel, IN area-wide FMR of $1,536.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 46125 sits in the Indianapolis-Carmel, IN area
Of the 136 ZIP codes HUD lists for the area, 46125 has the 95th 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 $1,170 and $1,430 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,000 | $900 – $1,100 | $1,187 | $930 |
| 1 bedroom | $1,130 | $1,017 – $1,243 | $1,336 | $1,060 |
| 2 bedrooms | $1,300 | $1,170 – $1,430 | $1,536 | $1,230 |
| 3 bedrooms | $1,680 | $1,512 – $1,848 | $1,991 | $1,590 |
| 4 bedrooms | $2,050 | $1,845 – $2,255 | $2,425 | $1,950 |
A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 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 46125 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
Questions
What is the Fair Market Rent for ZIP code 46125?
HUD's FY2027 Small Area Fair Market Rents for 46125 are $1,000 (studio), $1,130 (1 BR), $1,300 (2 BR), $1,680 (3 BR) and $2,050 (4 BR) a month.
What is the Section 8 payment standard in 46125?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46125 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46125?
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.