FY2027 Small Area FMR · Beverly Shores, IN

ZIP 46301 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46301 (Beverly Shores, IN) is $2,020 a month, up 66.9% from FY2026. That is 41% above the Gary, IN area-wide FMR of $1,429.

2-bedroom SAFMR$2,020per month ▲ 66.9%

Area-wide 2 BR FMR$1,429Gary, IN

Rank in the area1stof 59 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,818

2 BR Small Area FMR$2,020

110% of SAFMR$2,222

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

Studio$1,580▲ 73.6%

1 BR$1,660▲ 66.0%

2 BR$2,020▲ 66.9%

3 BR$2,460▲ 62.9%

4 BR$2,680▲ 58.6%

FY2027 FY2026

Where 46301 sits in the Gary, IN area

Of the 59 ZIP codes HUD lists for the area, 46301 has the 1st highest two-bedroom Small Area FMR. Gary, IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,818 and $2,222 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,580	$1,422 – $1,738	$1,117	$910
1 bedroom	$1,660	$1,494 – $1,826	$1,176	$1,000
2 bedrooms	$2,020	$1,818 – $2,222	$1,429	$1,210
3 bedrooms	$2,460	$2,214 – $2,706	$1,739	$1,510
4 bedrooms	$2,680	$2,412 – $2,948	$1,898	$1,690

A household renting a two-bedroom home at the Small Area FMR of $2,020 needs about $80,800 a year to keep housing costs at 30% of income. The area median family income is $100,900 and the 80% low-income limit for four people is $80,700. ZIP code 46301 lies mainly in Porter County. See the Gary, IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46360	Michigan City	5.6 mi	$1,240
46304	Chesterton	6.4 mi	$1,500
46391	Westville	10.0 mi	$1,560
46368	Portage	12.5 mi	$1,480
49117	New Buffalo	14.4 mi	$1,070
46350	La Porte	14.5 mi	$1,240

Questions

What is the Fair Market Rent for ZIP code 46301?

HUD's FY2027 Small Area Fair Market Rents for 46301 are $1,580 (studio), $1,660 (1 BR), $2,020 (2 BR), $2,460 (3 BR) and $2,680 (4 BR) a month.

What is the Section 8 payment standard in 46301?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46301 that range is $1,818 to $2,222 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46301?

The FY2026 income limits of the Gary, IN area apply: median family income $100,900, low-income (80%) limit $80,700 for a family of four.