Section 8 Fair Market Rent (FMR) for ZIP 47964 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$870
1 Bedroom$910
2 Bedrooms$1,120
3 Bedrooms$1,380
4 Bedrooms$1,480
5 Bedrooms$1,717
6 Bedrooms$1,923
7 Bedrooms$2,077
8 Bedrooms$2,181

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
90
Median Household Income
$49,250
Housing Units
46
Renter Percentage
7.3%
Occupancy Rate
89.1%
Renter Occupied
3

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.