ZIP 46543 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46543 in the Elkhart-Goshen, IN MSA FMR area.

Elkhart-Goshen, IN MSA

$1,000Efficiency

$1,0301 bedroom

$1,2702 bedrooms

$1,6203 bedrooms

$1,7404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$1,008
1 bedroom	$1,030	$927	$1,133	$1,048
2 bedrooms	$1,270	$1,143	$1,397	$1,253
3 bedrooms	$1,620	$1,458	$1,782	$1,653
4 bedrooms	$1,740	$1,566	$1,914	$1,752

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

LaGrange County, IN

$1,000Efficiency

$1,0301 bedroom

$1,2702 bedrooms

$1,6203 bedrooms

$1,7404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$789
1 bedroom	$1,030	$927	$1,133	$794
2 bedrooms	$1,270	$1,143	$1,397	$1,039
3 bedrooms	$1,620	$1,458	$1,782	$1,238
4 bedrooms	$1,740	$1,566	$1,914	$1,366

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

Noble County, IN

$1,000Efficiency

$1,0301 bedroom

$1,2702 bedrooms

$1,6203 bedrooms

$1,7404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$765
1 bedroom	$1,030	$927	$1,133	$782
2 bedrooms	$1,270	$1,143	$1,397	$1,023
3 bedrooms	$1,620	$1,458	$1,782	$1,219
4 bedrooms	$1,740	$1,566	$1,914	$1,710

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

Income in ZIP 46543

$78,448average adjusted gross income per tax return (2022)

$62,109average salaries and wages per return

1,770tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	19.2%
$25,000 to $50,000	18.1%
$50,000 to $75,000	17.5%
$75,000 to $100,000	19.8%
$100,000 to $200,000	21.5%
$200,000 or more	4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46543?

HUD's FY2027 Small Area FMRs for ZIP 46543 (Elkhart-Goshen, IN MSA) are $1,000 efficiency, $1,030 one bedroom, $1,270 two bedrooms, $1,620 three and $1,740 four bedrooms.

What payment standard can a housing authority set in ZIP 46543?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,143 to $1,397.

How affordable is rent in ZIP 46543?

Tax returns filed from ZIP 46543 reported an average adjusted gross income of $78,448 (2022). A two-bedroom unit at the Small Area FMR costs $15,240 a year, or 19% of that income.