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Section 8 rent in Henry County, IN

FY2025 HUD Small Area Fair Market Rents for the Henry County, IN, covering 23 ZIP codes.

$1,042Avg 2BR FMR / mo
$1,146Avg 2BR at 110% Standard
23ZIP 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$700$790$1,030$869
1 Bedroom$710$838$1,040$922
2 Bedrooms$930$1,042$1,310$1,146
3 Bedrooms$1,130$1,307$1,590$1,437
4 Bedrooms$1,230$1,475$1,920$1,623

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$2,084$25,008
Triplex3 × 2BR$3,126$37,512
Fourplex4 × 2BR$4,168$50,016
Fourplex4 × 3BR$5,228$62,736

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

ZIP Code1BR2BR3BR4BR
47337 $1,040 $1,310 $1,590 $1,760
47351 $970 $1,230 $1,500 $1,650
46056 $1,040 $1,220 $1,590 $1,920
46117 $1,040 $1,220 $1,590 $1,920
46148 $1,040 $1,220 $1,590 $1,920
46186 $1,040 $1,220 $1,590 $1,920
47384 $1,040 $1,220 $1,590 $1,920
47352 $820 $1,030 $1,250 $1,370
47356 $790 $1,030 $1,330 $1,370
47361 $810 $1,030 $1,250 $1,380
47388 $810 $1,020 $1,240 $1,370
47387 $750 $960 $1,170 $1,280
47344 $750 $950 $1,160 $1,280
47360 $740 $940 $1,140 $1,260
47302 $760 $930 $1,220 $1,410

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 Henry County, IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Henry County, IN is $1,042 per month, ranging from $930 to $1,310 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 $1,146.
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 Henry County, IN, 2-bedroom SAFMRs run from $930 to $1,310 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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