FY2027 Small Area FMR · Anderson, IN
ZIP 46012 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46012 (Anderson, IN) is $1,410 a month, up 11.0% from FY2026. That is 6% above the Anderson, IN area-wide FMR of $1,331.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 46012 sits in the Anderson, IN area
Of the 21 ZIP codes HUD lists for the area, 46012 has the 9th highest two-bedroom Small Area FMR. Anderson, IN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,331 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,410 for this ZIP code instead.
ZIP code 46012 crosses more than one HUD area. HUD also lists it under Muncie, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,070 | $963 – $1,177 | $1,011 | $940 |
| 1 bedroom | $1,080 | $972 – $1,188 | $1,017 | $970 |
| 2 bedrooms | $1,410 | $1,269 – $1,551 | $1,331 | $1,270 |
| 3 bedrooms | $1,840 | $1,656 – $2,024 | $1,743 | $1,680 |
| 4 bedrooms | $1,860 | $1,674 – $2,046 | $1,749 | $1,680 |
A household renting a two-bedroom home at the Small Area FMR of $1,410 needs about $56,400 a year to keep housing costs at 30% of income. The area median family income is $83,400 and the 80% low-income limit for four people is $67,850. ZIP code 46012 lies mainly in Madison County and Delaware County. See the Anderson, IN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 46012?
HUD's FY2027 Small Area Fair Market Rents for 46012 are $1,070 (studio), $1,080 (1 BR), $1,410 (2 BR), $1,840 (3 BR) and $1,860 (4 BR) a month.
What is the Section 8 payment standard in 46012?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46012 that range is $1,269 to $1,551 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46012?
The FY2026 income limits of the Anderson, IN area apply: median family income $83,400, low-income (80%) limit $67,850 for a family of four.