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Section 8 rent in Evansville, IN-KY

FY2025 HUD Small Area Fair Market Rents for the Evansville, IN-KY MSA, covering 60 ZIP codes.

$1,059Avg 2BR FMR / mo
$1,165Avg 2BR at 110% Standard
60ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$690$777$1,140$855
1 Bedroom$770$828$1,200$911
2 Bedrooms$970$1,059$1,540$1,165
3 Bedrooms$1,230$1,322$1,900$1,454
4 Bedrooms$1,410$1,498$2,150$1,648

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,118$25,416
Triplex3 × 2BR$3,177$38,124
Fourplex4 × 2BR$4,236$50,832
Fourplex4 × 3BR$5,288$63,456

Gross scheduled rent before vacancy, maintenance and management. Run any Indiana multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 60 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
47725 $1,200 $1,540 $1,900 $2,150
47708 $1,000 $1,290 $1,590 $1,800
47630 $960 $1,230 $1,520 $1,720
47715 $930 $1,190 $1,470 $1,660
42462 $900 $1,170 $1,420 $1,560
47720 $910 $1,170 $1,440 $1,630
42301 $880 $1,160 $1,540 $1,540
47629 $890 $1,140 $1,410 $1,590
47613 $860 $1,090 $1,380 $1,570
47711 $850 $1,090 $1,340 $1,520
47541 $860 $1,080 $1,360 $1,580
47660 $860 $1,080 $1,360 $1,560
47712 $840 $1,080 $1,330 $1,510
47618 $830 $1,070 $1,320 $1,500
47701 $830 $1,070 $1,320 $1,500

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Evansville, IN-KY?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Evansville, IN-KY MSA is $1,059 per month, ranging from $970 to $1,540 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,165.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Evansville, IN-KY, 2-bedroom SAFMRs run from $970 to $1,540 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Indiana?
RealG searches live listings across Indiana, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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These are the rents. RealG finds the properties.

Every Indiana listing analyzed against real HUD rates and graded A–D. The AI agent calls the sellers.

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