ZIP 46795 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46795 in the LaGrange County, IN FMR area.

LaGrange County, IN

$820Efficiency

$8301 bedroom

$1,0802 bedrooms

$1,2903 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$789
1 bedroom	$830	$747	$913	$794
2 bedrooms	$1,080	$972	$1,188	$1,039
3 bedrooms	$1,290	$1,161	$1,419	$1,238
4 bedrooms	$1,480	$1,332	$1,628	$1,366

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

Noble County, IN

$820Efficiency

$8301 bedroom

$1,0802 bedrooms

$1,2903 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$765
1 bedroom	$830	$747	$913	$782
2 bedrooms	$1,080	$972	$1,188	$1,023
3 bedrooms	$1,290	$1,161	$1,419	$1,219
4 bedrooms	$1,480	$1,332	$1,628	$1,710

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

Steuben County, IN

$820Efficiency

$8301 bedroom

$1,0802 bedrooms

$1,2903 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$837
1 bedroom	$830	$747	$913	$842
2 bedrooms	$1,080	$972	$1,188	$1,102
3 bedrooms	$1,290	$1,161	$1,419	$1,415
4 bedrooms	$1,480	$1,332	$1,628	$1,448

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

Income in ZIP 46795

$84,098average adjusted gross income per tax return (2022)

$54,680average salaries and wages per return

2,960tax returns filed

15%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	23.6%
$25,000 to $50,000	19.6%
$50,000 to $75,000	16.9%
$75,000 to $100,000	15.2%
$100,000 to $200,000	19.6%
$200,000 or more	5.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46795?

HUD's FY2027 Small Area FMRs for ZIP 46795 (LaGrange County, IN) are $820 efficiency, $830 one bedroom, $1,080 two bedrooms, $1,290 three and $1,480 four bedrooms.

What payment standard can a housing authority set in ZIP 46795?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $972 to $1,188.

How affordable is rent in ZIP 46795?

Tax returns filed from ZIP 46795 reported an average adjusted gross income of $84,098 (2022). A two-bedroom unit at the Small Area FMR costs $12,960 a year, or 15% of that income.