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Section 8 rent in Ripley County, IN

FY2025 HUD Small Area Fair Market Rents for the Ripley County, IN, covering 15 ZIP codes.

$1,045Avg 2BR FMR / mo
$1,149Avg 2BR at 110% Standard
15ZIP 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$640$735$890$808
1 Bedroom$710$818$1,040$900
2 Bedrooms$930$1,045$1,220$1,149
3 Bedrooms$1,170$1,413$1,710$1,554
4 Bedrooms$1,310$1,548$1,920$1,703

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$2,090$25,080
Triplex3 × 2BR$3,135$37,620
Fourplex4 × 2BR$4,180$50,160
Fourplex4 × 3BR$5,652$67,824

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

ZIP Code1BR2BR3BR4BR
47023 $930 $1,220 $1,710 $1,720
47240 $1,040 $1,220 $1,590 $1,920
47018 $860 $1,120 $1,510 $1,630
47034 $850 $1,110 $1,560 $1,570
47017 $830 $1,080 $1,430 $1,590
47031 $830 $1,080 $1,490 $1,590
47032 $830 $1,080 $1,430 $1,590
47041 $830 $1,080 $1,430 $1,590
47006 $780 $1,020 $1,400 $1,410
47223 $780 $1,000 $1,370 $1,590
47021 $720 $940 $1,320 $1,330
47037 $710 $930 $1,300 $1,320
47042 $710 $930 $1,300 $1,310
47224 $780 $930 $1,180 $1,510
47250 $790 $930 $1,170 $1,550

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 Ripley County, IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Ripley County, IN is $1,045 per month, ranging from $930 to $1,220 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 $1,149.
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 Ripley County, IN, 2-bedroom SAFMRs run from $930 to $1,220 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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