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2025 FMR And Section 8 Rents For Carroll County IN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of carroll-county, IN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
37705$880$880$1090$1440$1590
37714$655$660$863$1110$1150
37688$730$730$960$1230$1280
37691$660$660$863$1110$1190
37682$670$670$880$1130$1180
37692$690$700$863$1140$1260
37711$670$670$880$1130$1170
37701$655$660$863$1110$1150
37708$790$920$1080$1310$1620
37710$660$660$870$1110$1160
37680$720$830$970$1260$1510
37715$655$660$863$1110$1150
37690$720$830$970$1200$1500
37709$760$860$1020$1260$1550
37687$655$660$863$1110$1150
37683$655$660$863$1110$1150
37694$655$660$863$1110$1150
37713$730$730$960$1230$1280
37686$655$660$863$1110$1150
37681$810$810$1070$1370$1430

Zip Code:

37705

Studio Rent:

$880

1 Bedroom Rent:

$880

2 Bedroom Rent:

$1090

3 Bedroom Rent:

$1440

4 Bedroom Rent:

$1590

Zip Code:

37714

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37688

Studio Rent:

$730

1 Bedroom Rent:

$730

2 Bedroom Rent:

$960

3 Bedroom Rent:

$1230

4 Bedroom Rent:

$1280

Zip Code:

37691

Studio Rent:

$660

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1190

Zip Code:

37682

Studio Rent:

$670

1 Bedroom Rent:

$670

2 Bedroom Rent:

$880

3 Bedroom Rent:

$1130

4 Bedroom Rent:

$1180

Zip Code:

37692

Studio Rent:

$690

1 Bedroom Rent:

$700

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1140

4 Bedroom Rent:

$1260

Zip Code:

37711

Studio Rent:

$670

1 Bedroom Rent:

$670

2 Bedroom Rent:

$880

3 Bedroom Rent:

$1130

4 Bedroom Rent:

$1170

Zip Code:

37701

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37708

Studio Rent:

$790

1 Bedroom Rent:

$920

2 Bedroom Rent:

$1080

3 Bedroom Rent:

$1310

4 Bedroom Rent:

$1620

Zip Code:

37710

Studio Rent:

$660

1 Bedroom Rent:

$660

2 Bedroom Rent:

$870

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1160

Zip Code:

37680

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1260

4 Bedroom Rent:

$1510

Zip Code:

37715

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37690

Studio Rent:

$720

1 Bedroom Rent:

$830

2 Bedroom Rent:

$970

3 Bedroom Rent:

$1200

4 Bedroom Rent:

$1500

Zip Code:

37709

Studio Rent:

$760

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1020

3 Bedroom Rent:

$1260

4 Bedroom Rent:

$1550

Zip Code:

37687

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37683

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37694

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37713

Studio Rent:

$730

1 Bedroom Rent:

$730

2 Bedroom Rent:

$960

3 Bedroom Rent:

$1230

4 Bedroom Rent:

$1280

Zip Code:

37686

Studio Rent:

$655

1 Bedroom Rent:

$660

2 Bedroom Rent:

$863

3 Bedroom Rent:

$1110

4 Bedroom Rent:

$1150

Zip Code:

37681

Studio Rent:

$810

1 Bedroom Rent:

$810

2 Bedroom Rent:

$1070

3 Bedroom Rent:

$1370

4 Bedroom Rent:

$1430

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.