ZIP 46383 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46383 in the Gary, IN FMR area.

Gary, IN

$1,150Efficiency
$1,2101 bedroom
$1,4702 bedrooms
$1,7903 bedrooms
$1,9504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,150$1,035$1,265$1,117
1 bedroom$1,210$1,089$1,331$1,176
2 bedrooms$1,470$1,323$1,617$1,429
3 bedrooms$1,790$1,611$1,969$1,739
4 bedrooms$1,950$1,755$2,145$1,898

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Michigan City-La Porte, IN MSA

$1,150Efficiency
$1,2101 bedroom
$1,4702 bedrooms
$1,7903 bedrooms
$1,9504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,150$1,035$1,265$963
1 bedroom$1,210$1,089$1,331$1,031
2 bedrooms$1,470$1,323$1,617$1,245
3 bedrooms$1,790$1,611$1,969$1,525
4 bedrooms$1,950$1,755$2,145$1,762

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 46383

$88,356average adjusted gross income per tax return (2022)
$59,807average salaries and wages per return
19,630tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.7%
$25,000 to $50,00020.1%
$50,000 to $75,00014.3%
$75,000 to $100,00010.4%
$100,000 to $200,00021.9%
$200,000 or more7.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46383?

HUD's FY2027 Small Area FMRs for ZIP 46383 (Gary, IN) are $1,150 efficiency, $1,210 one bedroom, $1,470 two bedrooms, $1,790 three and $1,950 four bedrooms.

What payment standard can a housing authority set in ZIP 46383?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,323 to $1,617.

How affordable is rent in ZIP 46383?

Tax returns filed from ZIP 46383 reported an average adjusted gross income of $88,356 (2022). A two-bedroom unit at the Small Area FMR costs $17,640 a year, or 20% of that income.