Indianapolis-Carmel, IN: 2-bedroom payment standards across 105 ZIP codes
HUD's FY2026 Small Area Fair Market Rents for Indianapolis-Carmel, IN HUD Metro FMR Area range from $1,100 to $2,200 for a 2-bedroom. The 90th-percentile ZIP code runs 1.57× the 10th — a gap of $702 a month — which ranks 35th widest of the 247 HUD metro areas we compare.
median 2-bedroom SAFMR across the area's 105 ZIP codes. Each ZIP code carries its own standard here; your PHA sets a figure within 90–110% of that ZIP's SAFMR.
monthly gap between the 90th- and 10th-percentile ZIP code ($1,230 to $1,932).
of the area's ZIP codes (36 of 105) sit above $1,573 — 110% of the area median. Because ZIP-level standards are required here, that is a measure of the area's rent spread, not of ZIP codes left behind by a ceiling.
Highest-rent ZIP codes in Indianapolis-Carmel, IN
Every ZIP code, ranked
The payment-standard column is HUD's published 90–110% band for that ZIP code — the range a housing authority may adopt without HUD approval. Your PHA sets the exact figure. The final column compares each ZIP to the area median; ZIP codes marked above 110% exceed 110% of that median, which here simply marks the top of the area's rent range — ZIP-level standards are required in this area, so no ZIP is capped by an area-wide figure.
| # | ZIP code | 2 BR SAFMR ▾ | Payment standard (90–110%) | vs area median |
|---|---|---|---|---|
| 1 | 46184 | $2,200 | $1,980–$2,420 | above 110% |
| 2 | 46204 | $2,170 | $1,953–$2,387 | above 110% |
| 3 | 46075 | $2,150 | $1,935–$2,365 | above 110% |
| 4 | 46077 | $2,120 | $1,908–$2,332 | above 110% |
| 5 | 46236 | $2,120 | $1,908–$2,332 | above 110% |
| 6 | 46033 | $2,070 | $1,863–$2,277 | above 110% |
| 7 | 46032 | $2,040 | $1,836–$2,244 | above 110% |
| 8 | 46231 | $2,040 | $1,836–$2,244 | above 110% |
| 9 | 46280 | $2,040 | $1,836–$2,244 | above 110% |
| 10 | 46106 | $2,030 | $1,827–$2,233 | above 110% |
| 11 | 46038 | $1,940 | $1,746–$2,134 | above 110% |
| 12 | 46037 | $1,920 | $1,728–$2,112 | above 110% |
| 13 | 46055 | $1,910 | $1,719–$2,101 | above 110% |
| 14 | 46074 | $1,900 | $1,710–$2,090 | above 110% |
| 15 | 46061 | $1,850 | $1,665–$2,035 | above 110% |
| 16 | 46082 | $1,850 | $1,665–$2,035 | above 110% |
| 17 | 46123 | $1,850 | $1,665–$2,035 | above 110% |
| 18 | 46202 | $1,850 | $1,665–$2,035 | above 110% |
| 19 | 46290 | $1,840 | $1,656–$2,024 | above 110% |
| 20 | 46228 | $1,780 | $1,602–$1,958 | above 110% |
| 21 | 46234 | $1,780 | $1,602–$1,958 | above 110% |
| 22 | 46143 | $1,770 | $1,593–$1,947 | above 110% |
| 23 | 46113 | $1,750 | $1,575–$1,925 | above 110% |
| 24 | 46112 | $1,740 | $1,566–$1,914 | above 110% |
| 25 | 46240 | $1,740 | $1,566–$1,914 | above 110% |
| 26 | 46062 | $1,730 | $1,557–$1,903 | above 110% |
| 27 | 46217 | $1,730 | $1,557–$1,903 | above 110% |
| 28 | 46278 | $1,720 | $1,548–$1,892 | above 110% |
| 29 | 46220 | $1,690 | $1,521–$1,859 | above 110% |
| 30 | 46216 | $1,650 | $1,485–$1,815 | above 110% |
| 31 | 46239 | $1,640 | $1,476–$1,804 | above 110% |
| 32 | 46250 | $1,630 | $1,467–$1,793 | above 110% |
| 33 | 46237 | $1,620 | $1,458–$1,782 | above 110% |
| 34 | 46168 | $1,610 | $1,449–$1,771 | above 110% |
| 35 | 46259 | $1,600 | $1,440–$1,760 | above 110% |
| 36 | 46060 | $1,590 | $1,431–$1,749 | above 110% |
| 37 | 46183 | $1,560 | $1,404–$1,716 | 109% |
| 38 | 46040 | $1,530 | $1,377–$1,683 | 107% |
| 39 | 46268 | $1,530 | $1,377–$1,683 | 107% |
| 40 | 46034 | $1,500 | $1,350–$1,650 | 105% |
| 41 | 46149 | $1,500 | $1,350–$1,650 | 105% |
| 42 | 46205 | $1,500 | $1,350–$1,650 | 105% |
| 43 | 46260 | $1,490 | $1,341–$1,639 | 104% |
| 44 | 46162 | $1,480 | $1,332–$1,628 | 103% |
| 45 | 46181 | $1,460 | $1,314–$1,606 | 102% |
| 46 | 46221 | $1,440 | $1,296–$1,584 | 101% |
| 47 | 46254 | $1,440 | $1,296–$1,584 | 101% |
| 48 | 46064 | $1,430 | $1,287–$1,573 | 100% |
| 49 | 46102 | $1,430 | $1,287–$1,573 | 100% |
| 50 | 46103 | $1,430 | $1,287–$1,573 | 100% |
| 51 | 46122 | $1,430 | $1,287–$1,573 | 100% |
| 52 | 46131 | $1,430 | $1,287–$1,573 | 100% |
| 53 | 46167 | $1,430 | $1,287–$1,573 | 100% |
| 54 | 46256 | $1,430 | $1,287–$1,573 | 100% |
| 55 | 46142 | $1,410 | $1,269–$1,551 | 99% |
| 56 | 46206 | $1,410 | $1,269–$1,551 | 99% |
| 57 | 46230 | $1,410 | $1,269–$1,551 | 99% |
| 58 | 46241 | $1,410 | $1,269–$1,551 | 99% |
| 59 | 46242 | $1,410 | $1,269–$1,551 | 99% |
| 60 | 46244 | $1,410 | $1,269–$1,551 | 99% |
| 61 | 46247 | $1,410 | $1,269–$1,551 | 99% |
| 62 | 46251 | $1,410 | $1,269–$1,551 | 99% |
| 63 | 46253 | $1,410 | $1,269–$1,551 | 99% |
| 64 | 46282 | $1,410 | $1,269–$1,551 | 99% |
| 65 | 46011 | $1,380 | $1,242–$1,518 | 97% |
| 66 | 46163 | $1,380 | $1,242–$1,518 | 97% |
| 67 | 46154 | $1,370 | $1,233–$1,507 | 96% |
| 68 | 46158 | $1,370 | $1,233–$1,507 | 96% |
| 69 | 46222 | $1,370 | $1,233–$1,507 | 96% |
| 70 | 46224 | $1,370 | $1,233–$1,507 | 96% |
| 71 | 46111 | $1,360 | $1,224–$1,496 | 95% |
| 72 | 46107 | $1,350 | $1,215–$1,485 | 94% |
| 73 | 46208 | $1,350 | $1,215–$1,485 | 94% |
| 74 | 46214 | $1,350 | $1,215–$1,485 | 94% |
| 75 | 46219 | $1,340 | $1,206–$1,474 | 94% |
| 76 | 46226 | $1,340 | $1,206–$1,474 | 94% |
| 77 | 46225 | $1,330 | $1,197–$1,463 | 93% |
| 78 | 46203 | $1,320 | $1,188–$1,452 | 92% |
| 79 | 46227 | $1,320 | $1,188–$1,452 | 92% |
| 80 | 46144 | $1,300 | $1,170–$1,430 | 91% |
| 81 | 46229 | $1,300 | $1,170–$1,430 | 91% |
| 82 | 47448 | $1,290 | $1,161–$1,419 | 90% |
| 83 | 46201 | $1,280 | $1,152–$1,408 | 90% |
| 84 | 47435 | $1,270 | $1,143–$1,397 | 89% |
| 85 | 46147 | $1,260 | $1,134–$1,386 | 88% |
| 86 | 46218 | $1,260 | $1,134–$1,386 | 88% |
| 87 | 47234 | $1,260 | $1,134–$1,386 | 88% |
| 88 | 46235 | $1,250 | $1,125–$1,375 | 87% |
| 89 | 46030 | $1,240 | $1,116–$1,364 | 87% |
| 90 | 46118 | $1,240 | $1,116–$1,364 | 87% |
| 91 | 46052 | $1,230 | $1,107–$1,353 | 86% |
| 92 | 46125 | $1,230 | $1,107–$1,353 | 86% |
| 93 | 46151 | $1,230 | $1,107–$1,353 | 86% |
| 94 | 46180 | $1,230 | $1,107–$1,353 | 86% |
| 95 | 47401 | $1,230 | $1,107–$1,353 | 86% |
| 96 | 47468 | $1,220 | $1,098–$1,342 | 85% |
| 97 | 46166 | $1,190 | $1,071–$1,309 | 83% |
| 98 | 46130 | $1,180 | $1,062–$1,298 | 83% |
| 99 | 46164 | $1,160 | $1,044–$1,276 | 81% |
| 100 | 46110 | $1,130 | $1,017–$1,243 | 79% |
| 101 | 46160 | $1,110 | $999–$1,221 | 78% |
| 102 | 46124 | $1,100 | $990–$1,210 | 77% |
| 103 | 46126 | $1,100 | $990–$1,210 | 77% |
| 104 | 46157 | $1,100 | $990–$1,210 | 77% |
| 105 | 47433 | $1,100 | $990–$1,210 | 77% |
How Indianapolis-Carmel, IN compares
Its internal spread of 1.57× (p90 ÷ p10) ranks 35 of 247 HUD metro FMR areas, against a median of 1.37× and a national high of 1.77×. On the steadier p75 ÷ p25 measure it is 1.31×. See the full ranking and how it was measured →
A note on what this does not mean: a higher payment standard does not increase the assistance a household receives. It raises the ceiling on the rent a voucher can cover, while the household still pays roughly 30% of adjusted income. Figures are ZIP-weighted, not renter-weighted, and rest on 2019–2023 American Community Survey data trended forward.