CloseHound
APrimeMARION COUNTY · MIDWEST

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.

$1,740/mo
Median 3-bed voucher
$174,000
Supported price
1% rule, illustrative
0.85%
Property tax
of value / yr
0.6%
Insurance
of value / yr

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 code2-bed3-bed4-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.

The honest read

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.

Screen free →

10 free screens · no card · all 50 states