The largest adjacent-band increase is from 2 bedroom to 3 bedroom: $434 per month.
2026 HUD rent analysis
Indianapolis Section 8 rent by bedroom.
A normalized view of Indianapolis-Carmel, IN HUD Metro FMR Area Fair Market Rents, paired with Cash Flow Gems listing-coverage evidence and a transparent gross-yield screen.
- 3-bedroom monthly FMR
- $1,907
- 3-bedroom annualized
- $22,884
- 12% gross-yield ceiling
- $190,700
- Matchable source rows
- 268
Normalized rent schedule
What HUD’s benchmark means for a first-pass screen.
The final column divides annual FMR by 12%. It is a mechanical gross-rent screen—not a valuation, offer price, or projected net return. It excludes taxes, insurance, repairs, vacancy, management, utilities, financing, and property condition.
| Bedroom band | Monthly FMR | Annualized FMR | Price at 12% gross yield |
|---|---|---|---|
| Studio | $1,118 | $13,416 | $111,800 |
| 1 bedroom | $1,267 | $15,204 | $126,700 |
| 2 bedroom | $1,473 | $17,676 | $147,300 |
| 3 bedroom | $1,907 | $22,884 | $190,700 |
| 4 bedroom | $2,338 | $28,056 | $233,800 |
Data-specific observations
Three facts worth carrying into underwriting.
The normalized dataset contains 466 source rows last observed June 20, 2026 for Indianapolis; 268 clear the basic price, bedroom, and non-land completeness gate.
The HUD schedule belongs to Indianapolis-Carmel, IN HUD Metro FMR Area. A metro benchmark does not prove a specific unit’s approved rent, payment standard, inspection outcome, or rent reasonableness.
Diligence before ranking
Questions the rent table cannot answer.
Cash Flow Gems separates matchable Indianapolis rows from total observed active inventory so land and incomplete records do not inflate the useful sample. The visible counts and dates define the page's current coverage.
- 01How does the property's verified submarket and condition compare with the metro-level HUD area represented here?
- 02What expense margin remains after taxes, insurance, repairs, vacancy, management, and owner-paid utilities?
- 03Are the bedroom count, inspection condition, and proposed rent supported by current program and local housing-agency rules?
Related market research
Source and freshness
HUD FMR source year: 2026. Normalized schedule updated June 23, 2026. Listing coverage last observed June 20, 2026. Cash Flow Gems revalidates this page daily and withholds it after a successful revalidation if the five-band HUD contract becomes incomplete or mixed.
Cash Flow Gems is for informational and educational purposes only. It is not financial, legal, tax, or investment advice.