Rent by ZIP · Madison County
Rent in Frankton, IN 46044
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,440 (+22% vs FY2026). Renters in this ZIP code pay a median $1,197 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,090 | $880 | +23.9% | $981–1,199 | – |
| 1 bedroom | $1,100 | $900 | +22.2% | $990–1,210 | – |
| 2 bedrooms | $1,440 | $1,180 | +22% | $1,296–1,584 | $1,042 ±$461 |
| 3 bedrooms | $1,890 | $1,560 | +21.2% | $1,701–2,079 | $1,309 ±$119 |
| 4 bedrooms | $1,890 | $1,560 | +21.2% | $1,701–2,079 | – |
Small Area FMRs for the Anderson, IN HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Anderson, IN HUD Metro FMR Area, 2 bedrooms: $1,331.
What renters pay in 46044
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 46041 | Frankfort | $1,040 | $898 |
| 46047 | Hobbs | $1,230 | – |
| 46040 | Fortville | $1,620 | $1,065 |
| 46048 | Ingalls | $1,900 | – |
| 46039 | Forest | $1,130 | – |
| 46049 | Kempton | $1,240 | $690 |
Fair Market Rents across Madison County, IN · All IN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.