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Section 8 rent in Gary, IN

FY2025 HUD Small Area Fair Market Rents for the Gary, IN HUD Metro FMR Area, covering 59 ZIP codes.

$1,169Avg 2BR FMR / mo
$1,286Avg 2BR at 110% Standard
59ZIP 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$660$837$1,040$921
1 Bedroom$750$958$1,190$1,054
2 Bedrooms$930$1,169$1,450$1,286
3 Bedrooms$1,120$1,448$1,790$1,592
4 Bedrooms$1,230$1,565$1,940$1,721

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$2,338$28,056
Triplex3 × 2BR$3,507$42,084
Fourplex4 × 2BR$4,676$56,112
Fourplex4 × 3BR$5,792$69,504

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 59 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
46311 $1,190 $1,450 $1,790 $1,940
46321 $1,190 $1,450 $1,790 $1,920
46410 $1,190 $1,440 $1,770 $1,910
46322 $1,140 $1,390 $1,710 $1,840
46356 $1,140 $1,390 $1,710 $1,840
46377 $1,140 $1,390 $1,710 $1,840
46307 $1,140 $1,380 $1,700 $1,830
46375 $1,120 $1,360 $1,680 $1,800
46385 $1,100 $1,340 $1,650 $1,780
46390 $1,100 $1,330 $1,680 $1,940
46304 $1,080 $1,310 $1,610 $1,740
46323 $1,080 $1,310 $1,610 $1,740
46409 $1,060 $1,290 $1,590 $1,710
46303 $1,050 $1,270 $1,570 $1,680
46393 $1,040 $1,260 $1,550 $1,680

Quick cash flow check

Free Tool

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

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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 Gary, IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Gary, IN HUD Metro FMR Area is $1,169 per month, ranging from $930 to $1,450 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 $1,286.
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 Gary, IN, 2-bedroom SAFMRs run from $930 to $1,450 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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