FY2027 Small Area FMR · Mays, IN

ZIP 46155 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46155 (Mays, IN) is $1,040 a month, up 7.2% from FY2026. That is 3% above the Rush County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,040per month ▲ 7.2%

Area-wide 2 BR FMR$1,014Rush County, IN

Rank in the area11thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$780▲ 13.0%

1 BR$810▲ 5.2%

2 BR$1,040▲ 7.2%

3 BR$1,250▲ 7.8%

4 BR$1,370▲ 7.0%

FY2027 FY2026

Where 46155 sits in the Rush County, IN area

Of the 17 ZIP codes HUD lists for the area, 46155 has the 11th highest two-bedroom Small Area FMR. Rush County, 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 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	$780	$702 – $858	$759	$690
1 bedroom	$810	$729 – $891	$786	$770
2 bedrooms	$1,040	$936 – $1,144	$1,014	$970
3 bedrooms	$1,250	$1,125 – $1,375	$1,208	$1,160
4 bedrooms	$1,370	$1,233 – $1,507	$1,333	$1,280

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $88,200 and the 80% low-income limit for four people is $70,550. ZIP code 46155 lies mainly in Rush County. See the Rush County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47337	Dunreith	4.1 mi	$1,440
47352	Lewisville	4.9 mi	$1,010
47385	Spiceland	6.2 mi	$1,010
46148	Knightstown	6.4 mi	$1,110
46127	Falmouth	6.6 mi	$1,020
46115	Carthage	7.3 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 46155?

HUD's FY2027 Small Area Fair Market Rents for 46155 are $780 (studio), $810 (1 BR), $1,040 (2 BR), $1,250 (3 BR) and $1,370 (4 BR) a month.

What is the Section 8 payment standard in 46155?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46155 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46155?

The FY2026 income limits of the Rush County, IN area apply: median family income $88,200, low-income (80%) limit $70,550 for a family of four.