FY2027 Small Area FMR · Anderson, IN

ZIP 46016 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46016 (Anderson, IN) is $1,380 a month, up 15.0% from FY2026. That is 4% above the Anderson, IN area-wide FMR of $1,331.

2-bedroom SAFMR$1,380per month ▲ 15.0%

Area-wide 2 BR FMR$1,331Anderson, IN

Rank in the area10thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,242

2 BR Small Area FMR$1,380

110% of SAFMR$1,518

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,050▲ 18.0%

1 BR$1,050▲ 15.4%

2 BR$1,380▲ 15.0%

3 BR$1,810▲ 13.8%

4 BR$1,810▲ 13.8%

FY2027 FY2026

Where 46016 sits in the Anderson, IN area

Of the 21 ZIP codes HUD lists for the area, 46016 has the 10th 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 $1,380 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,050	$945 – $1,155	$1,011	$890
1 bedroom	$1,050	$945 – $1,155	$1,017	$910
2 bedrooms	$1,380	$1,242 – $1,518	$1,331	$1,200
3 bedrooms	$1,810	$1,629 – $1,991	$1,743	$1,590
4 bedrooms	$1,810	$1,629 – $1,991	$1,749	$1,590

A household renting a two-bedroom home at the Small Area FMR of $1,380 needs about $55,200 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 46016 lies mainly in Madison County. See the Anderson, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46013	Anderson	3.4 mi	$1,290
46017	Anderson	4.4 mi	$1,370
46011	Anderson	4.7 mi	$1,520
46012	Anderson	5.1 mi	$1,410
47334	Daleville	8.4 mi	$1,070
46064	Pendleton	8.6 mi	$1,570

Questions

What is the Fair Market Rent for ZIP code 46016?

HUD's FY2027 Small Area Fair Market Rents for 46016 are $1,050 (studio), $1,050 (1 BR), $1,380 (2 BR), $1,810 (3 BR) and $1,810 (4 BR) a month.

What is the Section 8 payment standard in 46016?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46016 that range is $1,242 to $1,518 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46016?

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.