Rent by ZIP · Morgan County
Rent in Paragon, IN 46166
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,280 (+7.6% vs FY2026). Renters in this ZIP code pay a median $1,102 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,000 | $910 | +9.9% | $900–1,100 | – |
| 1 bedroom | $1,120 | $1,020 | +9.8% | $1,008–1,232 | – |
| 2 bedrooms | $1,280 | $1,190 | +7.6% | $1,152–1,408 | $1,069 ±$244 |
| 3 bedrooms | $1,650 | $1,530 | +7.8% | $1,485–1,815 | $1,144 ±$427 |
| 4 bedrooms | $2,030 | $1,890 | +7.4% | $1,827–2,233 | – |
Small Area FMRs for the Indianapolis-Carmel, IN HUD Metro FMR Area. This ZIP code is in more than one HUD area; figures are for the main one. 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 Indianapolis-Carmel, IN HUD Metro FMR Area, 2 bedrooms: $1,536.
What renters pay in 46166
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 |
|---|---|---|---|
| 46165 | North Salem | $2,070 | – |
| 46167 | Pittsboro | $1,410 | – |
| 46164 | Nineveh | $1,140 | – |
| 46168 | Plainfield | $1,740 | $1,489 |
| 46163 | New Palestine | $1,430 | $1,158 |
| 46161 | Morristown | $1,340 | $909 |
Fair Market Rents across Morgan 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.