Section 8 Fair Market Rent (FMR) for ZIP 46323 - 2027

Location: Gary, IN | Metro: Gary, IN HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,200
1 Bedroom	$1,270
2 Bedrooms	$1,540
3 Bedrooms	$1,870
4 Bedrooms	$2,050
5 Bedrooms	$2,378
6 Bedrooms	$2,663
7 Bedrooms	$2,876
8 Bedrooms	$3,020

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

23,047

Median Household Income

$59,688

Housing Units

8,978

Renter Percentage

32.5%

Occupancy Rate

93.3%

Renter Occupied

2,718

Housing Authorities Serving ZIP 46323

Housing Authority of the City of Gary Indiana (Gary, IN) - 2,527 Section 8 vouchers
Housing Authority of the City of East Chicago (East Chicago, IN) - 1,147 Section 8 vouchers
Housing Authority of the City of Hammond (Hammond, IN) - 898 Section 8 vouchers

Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.