Start Free

Section 8 rent in Warren County, IN

FY2025 HUD Small Area Fair Market Rents for the Warren County, IN HUD Metro FMR Area, covering 11 ZIP codes.

$981Avg 2BR FMR / mo
$1,079Avg 2BR at 110% Standard
11ZIP 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$708$830$779
1 Bedroom$720$831$970$914
2 Bedrooms$930$981$1,160$1,079
3 Bedrooms$1,150$1,260$1,400$1,386
4 Bedrooms$1,450$1,521$1,750$1,673

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$1,962$23,544
Triplex3 × 2BR$2,943$35,316
Fourplex4 × 2BR$3,924$47,088
Fourplex4 × 3BR$5,040$60,480

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 11 of 11 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
47906 $970 $1,160 $1,400 $1,750
47921 $890 $1,060 $1,300 $1,610
47917 $820 $970 $1,220 $1,460
47918 $820 $970 $1,200 $1,580
47944 $820 $970 $1,170 $1,450
47970 $820 $970 $1,220 $1,470
47975 $820 $970 $1,300 $1,470
47932 $720 $930 $1,150 $1,530
47982 $820 $930 $1,300 $1,470
47991 $820 $930 $1,300 $1,470
47993 $820 $930 $1,300 $1,470

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)—
Est. mortgage payment (PITI)—
Est. monthly cash flow—

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.

Analyze Real Indiana Listings Free

Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Warren County, IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Warren County, IN HUD Metro FMR Area is $981 per month, ranging from $930 to $1,160 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 $1,079.
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 Warren County, IN, 2-bedroom SAFMRs run from $930 to $1,160 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.

More Indiana markets

Adams County, IN Anderson, IN Blackford County, IN Bloomington, IN Carroll County, IN Cass County, IN Cincinnati, OH-KY-IN Clinton County, IN Columbus, IN Crawford County, IN All Indiana markets →

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.

Start Free