Rent by ZIP · Henry County
Rent in New Castle, IN 47362
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,010 (+5.2% vs FY2026). Renters in this ZIP code pay a median $786 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $810 | $770 | +5.2% | $729–891 | $740 ±$479 |
| 1 bedroom | $810 | $780 | +3.8% | $729–891 | $602 ±$102 |
| 2 bedrooms | $1,010 | $960 | +5.2% | $909–1,111 | $852 ±$43 |
| 3 bedrooms | $1,210 | $1,150 | +5.2% | $1,089–1,331 | $960 ±$128 |
| 4 bedrooms | $1,340 | $1,270 | +5.5% | $1,206–1,474 | $933 ±$170 |
Small Area FMRs for the Henry County, IN. 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 Henry County, IN, 2 bedrooms: $1,014.
What renters pay in 47362
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 |
|---|---|---|---|
| 47361 | Mount Summit | $1,130 | – |
| 47360 | Mooreland | $1,210 | $913 |
| 47359 | Montpelier | $1,010 | $643 |
| 47358 | Modoc | $1,010 | $547 |
| 47366 | New Lisbon | $1,450 | – |
| 47357 | Milton | $1,010 | $670 |
Fair Market Rents across Henry 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.