FY2027 Small Area FMR · Mill Creek, IN

ZIP 46365 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46365 (Mill Creek, IN) is $1,310 a month, up 12.0% from FY2026. That is 5% above the Michigan City-La Porte, IN area-wide FMR of $1,245.

2-bedroom SAFMR$1,310per month ▲ 12.0%

Area-wide 2 BR FMR$1,245Michigan City-La Porte, IN

Rank in the area6thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,179

2 BR Small Area FMR$1,310

110% of SAFMR$1,441

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

Studio$1,000▲ 16.3%

1 BR$1,100▲ 13.4%

2 BR$1,310▲ 12.0%

3 BR$1,600▲ 10.3%

4 BR$1,820▲ 10.3%

FY2027 FY2026

Where 46365 sits in the Michigan City-La Porte, IN area

Of the 16 ZIP codes HUD lists for the area, 46365 has the 6th highest two-bedroom Small Area FMR. Michigan City-La Porte, 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 $1,245 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,310 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	$1,000	$900 – $1,100	$963	$860
1 bedroom	$1,100	$990 – $1,210	$1,031	$970
2 bedrooms	$1,310	$1,179 – $1,441	$1,245	$1,170
3 bedrooms	$1,600	$1,440 – $1,760	$1,525	$1,450
4 bedrooms	$1,820	$1,638 – $2,002	$1,762	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,310 needs about $52,400 a year to keep housing costs at 30% of income. The area median family income is $89,300 and the 80% low-income limit for four people is $71,450. ZIP code 46365 lies mainly in LaPorte County. See the Michigan City-La Porte, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46371	Rolling Prairie	5.9 mi	$1,870
46552	New Carlisle	7.3 mi	$1,260
46554	North Liberty	7.6 mi	$1,170
46350	La Porte	9.1 mi	$1,240
46574	Walkerton	9.5 mi	$1,170
46345	Kingsbury	9.8 mi	$1,250

Questions

What is the Fair Market Rent for ZIP code 46365?

HUD's FY2027 Small Area Fair Market Rents for 46365 are $1,000 (studio), $1,100 (1 BR), $1,310 (2 BR), $1,600 (3 BR) and $1,820 (4 BR) a month.

What is the Section 8 payment standard in 46365?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46365 that range is $1,179 to $1,441 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46365?

The FY2026 income limits of the Michigan City-La Porte, IN area apply: median family income $89,300, low-income (80%) limit $71,450 for a family of four.