HUD Open Data · FY 2026
What is the Fair Market Rent in Union County, IN (ZIP 47003)?
Last updated: FY2026, effective October 1, 2025
For ZIP code 47003 in Union County, Indiana, the FY2026 Fair Market Rent for a two-bedroom is $956 a month, with rents from $685 for a studio up to $1,477 for a four-bedroom (full breakdown below). HUD sets this rate at the Union County level, so every ZIP in the area shares it. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents, effective October 1, 2025.
| Unit size | Monthly FMR (FY 2026) |
|---|---|
| Studio / Efficiency | $685 |
| 1 Bedroom | $729 |
| 2 Bedrooms | $956 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,477 |
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Frequently asked questions
What is the Fair Market Rent in Union County, IN (ZIP code 47003) for 2026?
For ZIP code 47003 in Union County, Indiana, a two-bedroom has a Fair Market Rent of $956 a month for FY2026, and rents range from $685 for a studio to $1,477 for a four-bedroom. HUD sets this rate at the Union County level, so it covers the whole area. Source: U.S. HUD, Office of Policy Development and Research, FY2026 Fair Market Rents.
What is the 2-bedroom Fair Market Rent for ZIP 47003 in 2026?
A two-bedroom in ZIP 47003 (Union County, Indiana) has a Fair Market Rent of $956 a month under HUD's FY2026 figures.
When do FY2026 Fair Market Rents become effective?
FY2026 Fair Market Rents became effective October 1, 2025 and apply through September 30, 2026.
What is a Small Area Fair Market Rent (SAFMR)?
HUD sets Small Area FMRs (SAFMRs) at the ZIP code level in certain metropolitan areas, giving more precise rent limits than a metro-wide average. This ZIP uses the standard county or metro FMR instead.
How does HUD calculate Fair Market Rents?
HUD calculates FMRs as the 40th percentile of gross rents paid by recent movers for standard-quality units in a metropolitan area or non-metropolitan county. Data comes from the American Community Survey (ACS).
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