FY2027 Small Area FMR · Gary, IN
ZIP 46409 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46409 (Gary, IN) is $1,490 a month, up 5.7% from FY2026. That is 4% above the Gary, IN area-wide FMR of $1,429.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 46409 sits in the Gary, IN area
Of the 59 ZIP codes HUD lists for the area, 46409 has the 15th 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 $1,341 and $1,639 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,160 | $1,044 – $1,276 | $1,117 | $1,030 |
| 1 bedroom | $1,230 | $1,107 – $1,353 | $1,176 | $1,160 |
| 2 bedrooms | $1,490 | $1,341 – $1,639 | $1,429 | $1,410 |
| 3 bedrooms | $1,810 | $1,629 – $1,991 | $1,739 | $1,730 |
| 4 bedrooms | $1,980 | $1,782 – $2,178 | $1,898 | $1,870 |
A household renting a two-bedroom home at the Small Area FMR of $1,490 needs about $59,600 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 46409 lies mainly in Lake County. See the Gary, IN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 46409?
HUD's FY2027 Small Area Fair Market Rents for 46409 are $1,160 (studio), $1,230 (1 BR), $1,490 (2 BR), $1,810 (3 BR) and $1,980 (4 BR) a month.
What is the Section 8 payment standard in 46409?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46409 that range is $1,341 to $1,639 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46409?
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.