Rent by ZIP · Montgomery County
Rent in Waveland, IN 47989
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 $483 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $850 | $780 | +9% | $765–935 | – |
| 1 bedroom | $860 | $790 | +8.9% | $774–946 | – |
| 2 bedrooms | $1,010 | $960 | +5.2% | $909–1,111 | – |
| 3 bedrooms | $1,320 | $1,270 | +3.9% | $1,188–1,452 | – |
| 4 bedrooms | $1,480 | $1,480 | 0% | $1,332–1,628 | – |
Small Area FMRs for the Montgomery County, IN. 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 Montgomery County, IN, 2 bedrooms: $1,046.
What renters pay in 47989
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 47990 | Waynetown | $1,200 | $925 |
| 47987 | Veedersburg | $1,010 | $732 |
| 47991 | West Lebanon | $1,010 | $671 |
| 47992 | Westpoint | $1,210 | – |
| 47993 | Williamsport | $1,080 | $835 |
| 47994 | Wingate | $1,100 | $613 |
Fair Market Rents across Montgomery 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.