FY2027 Small Area FMR · Munster, IN

ZIP 46321 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46321 (Munster, IN) is $1,880 a month, up 11.9% from FY2026. That is 32% above the Gary, IN area-wide FMR of $1,429.

2-bedroom SAFMR$1,880per month ▲ 11.9%

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

Rank in the area2ndof 59 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,692

2 BR Small Area FMR$1,880

110% of SAFMR$2,068

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

Studio$1,470▲ 20.5%

1 BR$1,550▲ 12.3%

2 BR$1,880▲ 11.9%

3 BR$2,290▲ 11.2%

4 BR$2,500▲ 12.6%

FY2027 FY2026

Where 46321 sits in the Gary, IN area

Of the 59 ZIP codes HUD lists for the area, 46321 has the 2nd 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 $1,692 and $2,068 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,470	$1,323 – $1,617	$1,117	$1,220
1 bedroom	$1,550	$1,395 – $1,705	$1,176	$1,380
2 bedrooms	$1,880	$1,692 – $2,068	$1,429	$1,680
3 bedrooms	$2,290	$2,061 – $2,519	$1,739	$2,060
4 bedrooms	$2,500	$2,250 – $2,750	$1,898	$2,220

A household renting a two-bedroom home at the Small Area FMR of $1,880 needs about $75,200 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 46321 lies mainly in Lake 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
46322	Highland	2.4 mi	$1,550
46324	Hammond	2.6 mi	$1,450
60438	Lansing	2.7 mi	$1,780
46323	Hammond	3.9 mi	$1,540
46319	Griffith	4.5 mi	$1,490
46375	Schererville	4.8 mi	$1,610

Questions

What is the Fair Market Rent for ZIP code 46321?

HUD's FY2027 Small Area Fair Market Rents for 46321 are $1,470 (studio), $1,550 (1 BR), $1,880 (2 BR), $2,290 (3 BR) and $2,500 (4 BR) a month.

What is the Section 8 payment standard in 46321?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46321 that range is $1,692 to $2,068 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46321?

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.