Indianapolis Section 8: Prime Cash Flow With Deep Demand
Indianapolis, IN is an A-grade Section 8 market on CloseHound, where voucher rent routinely beats market and the cash-on-cash is strong before financing. The median 3-bedroom voucher of $1,740/mo supports a price near $174,000, with the 3-bed range running $1,620 to $1,940 across nine Marion County ZIPs.
What makes it stand out: 10,500-plus voucher holders create deep, durable demand, and Indiana's landlord-friendly rules mean evictions run roughly 3 to 4 weeks. Property tax is low at about 0.85% and insurance near 0.6%, so the carry is light. Screen any Indianapolis address free on CloseHound to confirm the numbers on your target block.
Indianapolis HUD Section 8 voucher rents by ZIP (FY2026)
Official HUD Small Area Fair Market Rents — the voucher ceiling a landlord can collect in each ZIP, by bedroom count.
| ZIP code | 2-bed | 3-bed | 4-bed |
|---|---|---|---|
| 46201 | $1,280/mo | $1,660/mo | $2,030/mo |
| 46203 | $1,320/mo | $1,710/mo | $2,100/mo |
| 46205 | $1,500/mo | $1,940/mo | $2,380/mo |
| 46208 | $1,350/mo | $1,750/mo | $2,140/mo |
| 46218 | $1,260/mo | $1,630/mo | $2,000/mo |
| 46222 | $1,370/mo | $1,770/mo | $2,170/mo |
| 46226 | $1,340/mo | $1,740/mo | $2,130/mo |
| 46235 | $1,250/mo | $1,620/mo | $1,980/mo |
| 46241 | $1,410/mo | $1,830/mo | $2,240/mo |
Source: HUD FY2026 SAFMR. CloseHound underwrites live listings against these exact ceilings.
10,500+ voucher holders, landlord-friendly (3–4 week evictions), deep demand.
More Section 8 markets in Indiana
Indianapolis Section 8 FAQ
What's the Section 8 voucher rent for a 3-bed in Indianapolis?+
The median 3-bedroom voucher rent in Indianapolis is about $1,740/mo for FY2026, ranging from $1,620 to $1,940 across sampled Marion County ZIPs.
Is Indianapolis a good Section 8 market?+
Yes — it is one of the strongest. Indianapolis grades A, with voucher rent that routinely beats market, 10,500+ voucher holders for deep demand, and landlord-friendly 3-4 week evictions.
What's the property-tax and insurance drag in Indianapolis?+
Property tax runs about 0.85% and insurance near 0.6% of value — both low, which is part of why the cash-on-cash here is strong.
How do I find cash-flowing Section 8 deals in Indianapolis?+
Source listings across the nine Marion County ZIPs we sample, then screen each free on CloseHound to confirm the $1,740-area voucher beats the asking price after rehab and the light tax-and-insurance carry.
Screen Indianapolis deals free
See which Indianapolis listings actually cash-flow on the voucher — underwritten and ranked by Deal Score.
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