FY2027 Small Area FMR · Ingalls, IN
ZIP 46048 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46048 (Ingalls, IN) is $1,900 a month, up 12.4% from FY2026. That is 43% 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 46048 sits in the Anderson, IN area
Of the 21 ZIP codes HUD lists for the area, 46048 has the 1st 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 $1,900 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,440 | $1,296 – $1,584 | $1,011 | $1,260 |
| 1 bedroom | $1,450 | $1,305 – $1,595 | $1,017 | $1,290 |
| 2 bedrooms | $1,900 | $1,710 – $2,090 | $1,331 | $1,690 |
| 3 bedrooms | $2,490 | $2,241 – $2,739 | $1,743 | $2,230 |
| 4 bedrooms | $2,500 | $2,250 – $2,750 | $1,749 | $2,240 |
A household renting a two-bedroom home at the Small Area FMR of $1,900 needs about $76,000 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 46048 lies mainly in Madison 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 46048?
HUD's FY2027 Small Area Fair Market Rents for 46048 are $1,440 (studio), $1,450 (1 BR), $1,900 (2 BR), $2,490 (3 BR) and $2,500 (4 BR) a month.
What is the Section 8 payment standard in 46048?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46048 that range is $1,710 to $2,090 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46048?
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.