FY2027 Small Area FMR · Boone Grove, IN

ZIP 46302 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46302 (Boone Grove, IN) is $1,380 a month, up 4.5% from FY2026. That is 3% below the Gary, IN area-wide FMR of $1,429.

2-bedroom SAFMR$1,380per month ▲ 4.5%

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

Rank in the area32ndof 59 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$1,080▲ 12.5%

1 BR$1,140▲ 4.6%

2 BR$1,380▲ 4.5%

3 BR$1,680▲ 3.7%

4 BR$1,830▲ 4.6%

FY2027 FY2026

Where 46302 sits in the Gary, IN area

Of the 59 ZIP codes HUD lists for the area, 46302 has the 32nd 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 $1,242 and $1,518 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,080	$972 – $1,188	$1,117	$960
1 bedroom	$1,140	$1,026 – $1,254	$1,176	$1,090
2 bedrooms	$1,380	$1,242 – $1,518	$1,429	$1,320
3 bedrooms	$1,680	$1,512 – $1,848	$1,739	$1,620
4 bedrooms	$1,830	$1,647 – $2,013	$1,898	$1,750

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 $100,900 and the 80% low-income limit for four people is $80,700. ZIP code 46302 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
46341	Hebron	5.3 mi	$1,180
46347	Kouts	7.2 mi	$1,130
46385	Valparaiso	7.3 mi	$1,590
46383	Valparaiso	9.9 mi	$1,470
46307	Crown Point	10.8 mi	$1,650
46393	Wheeler	10.9 mi	$1,490

Questions

What is the Fair Market Rent for ZIP code 46302?

HUD's FY2027 Small Area Fair Market Rents for 46302 are $1,080 (studio), $1,140 (1 BR), $1,380 (2 BR), $1,680 (3 BR) and $1,830 (4 BR) a month.

What is the Section 8 payment standard in 46302?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46302 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 46302?

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.