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2025 FMR And Section 8 Rents For Owen 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 owen-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
10029$850$880$1150$1530$1780
10034$683$684$899$1146$1488
10038$683$684$899$1146$1488
10069$800$800$1050$1350$1710
10036$683$684$900$1150$1490
10040$683$684$899$1146$1488
10032$683$684$900$1150$1490
10031$830$960$1100$1510$1770
10035$740$870$1020$1420$1680
10030$910$1040$1240$1620$1970
10044$730$740$950$1200$1500
10033$683$684$899$1146$1488
10065$683$690$899$1146$1488
10039$740$870$1020$1420$1680
10037$800$860$1080$1420$1700

Zip Code:

10029

Studio Rent:

$850

1 Bedroom Rent:

$880

2 Bedroom Rent:

$1150

3 Bedroom Rent:

$1530

4 Bedroom Rent:

$1780

Zip Code:

10034

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$899

3 Bedroom Rent:

$1146

4 Bedroom Rent:

$1488

Zip Code:

10038

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$899

3 Bedroom Rent:

$1146

4 Bedroom Rent:

$1488

Zip Code:

10069

Studio Rent:

$800

1 Bedroom Rent:

$800

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1350

4 Bedroom Rent:

$1710

Zip Code:

10036

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1150

4 Bedroom Rent:

$1490

Zip Code:

10040

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$899

3 Bedroom Rent:

$1146

4 Bedroom Rent:

$1488

Zip Code:

10032

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$900

3 Bedroom Rent:

$1150

4 Bedroom Rent:

$1490

Zip Code:

10031

Studio Rent:

$830

1 Bedroom Rent:

$960

2 Bedroom Rent:

$1100

3 Bedroom Rent:

$1510

4 Bedroom Rent:

$1770

Zip Code:

10035

Studio Rent:

$740

1 Bedroom Rent:

$870

2 Bedroom Rent:

$1020

3 Bedroom Rent:

$1420

4 Bedroom Rent:

$1680

Zip Code:

10030

Studio Rent:

$910

1 Bedroom Rent:

$1040

2 Bedroom Rent:

$1240

3 Bedroom Rent:

$1620

4 Bedroom Rent:

$1970

Zip Code:

10044

Studio Rent:

$730

1 Bedroom Rent:

$740

2 Bedroom Rent:

$950

3 Bedroom Rent:

$1200

4 Bedroom Rent:

$1500

Zip Code:

10033

Studio Rent:

$683

1 Bedroom Rent:

$684

2 Bedroom Rent:

$899

3 Bedroom Rent:

$1146

4 Bedroom Rent:

$1488

Zip Code:

10065

Studio Rent:

$683

1 Bedroom Rent:

$690

2 Bedroom Rent:

$899

3 Bedroom Rent:

$1146

4 Bedroom Rent:

$1488

Zip Code:

10039

Studio Rent:

$740

1 Bedroom Rent:

$870

2 Bedroom Rent:

$1020

3 Bedroom Rent:

$1420

4 Bedroom Rent:

$1680

Zip Code:

10037

Studio Rent:

$800

1 Bedroom Rent:

$860

2 Bedroom Rent:

$1080

3 Bedroom Rent:

$1420

4 Bedroom Rent:

$1700

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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.