ZIP 46504 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46504 in the Kosciusko County, IN FMR area.

Kosciusko County, IN

$790Efficiency

$8201 bedroom

$1,0302 bedrooms

$1,2503 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$882
1 bedroom	$820	$738	$902	$888
2 bedrooms	$1,030	$927	$1,133	$1,162
3 bedrooms	$1,250	$1,125	$1,375	$1,410
4 bedrooms	$1,410	$1,269	$1,551	$1,527

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

Marshall County, IN

$790Efficiency

$8201 bedroom

$1,0302 bedrooms

$1,2503 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$814
1 bedroom	$820	$738	$902	$877
2 bedrooms	$1,030	$927	$1,133	$1,088
3 bedrooms	$1,250	$1,125	$1,375	$1,296
4 bedrooms	$1,410	$1,269	$1,551	$1,430

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

Income in ZIP 46504

$65,622average adjusted gross income per tax return (2022)

$48,295average salaries and wages per return

1,650tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.3%
$25,000 to $50,000	23.0%
$50,000 to $75,000	18.8%
$75,000 to $100,000	12.7%
$100,000 to $200,000	15.2%
$200,000 or more	3.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46504?

HUD's FY2027 Small Area FMRs for ZIP 46504 (Kosciusko County, IN) are $790 efficiency, $820 one bedroom, $1,030 two bedrooms, $1,250 three and $1,410 four bedrooms.

What payment standard can a housing authority set in ZIP 46504?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 46504?

Tax returns filed from ZIP 46504 reported an average adjusted gross income of $65,622 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 19% of that income.