FY2027 Small Area FMR · Bristol, IN

ZIP 46507 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46507 (Bristol, IN) is $1,280 a month, up 4.9% from FY2026. That is 2% above the Elkhart-Goshen, IN area-wide FMR of $1,253.

2-bedroom SAFMR$1,280per month ▲ 4.9%

Area-wide 2 BR FMR$1,253Elkhart-Goshen, IN

Rank in the area7thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,152

2 BR Small Area FMR$1,280

110% of SAFMR$1,408

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

Studio$1,030▲ 3.0%

1 BR$1,070▲ 4.9%

2 BR$1,280▲ 4.9%

3 BR$1,690▲ 5.6%

4 BR$1,790▲ 9.8%

FY2027 FY2026

Where 46507 sits in the Elkhart-Goshen, IN area

Of the 19 ZIP codes HUD lists for the area, 46507 has the 7th highest two-bedroom Small Area FMR. Elkhart-Goshen, 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 $1,253 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,280 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	$1,030	$927 – $1,133	$1,008	$1,000
1 bedroom	$1,070	$963 – $1,177	$1,048	$1,020
2 bedrooms	$1,280	$1,152 – $1,408	$1,253	$1,220
3 bedrooms	$1,690	$1,521 – $1,859	$1,653	$1,600
4 bedrooms	$1,790	$1,611 – $1,969	$1,752	$1,630

A household renting a two-bedroom home at the Small Area FMR of $1,280 needs about $51,200 a year to keep housing costs at 30% of income. The area median family income is $89,900 and the 80% low-income limit for four people is $71,900. ZIP code 46507 lies mainly in Elkhart County. See the Elkhart-Goshen, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
49130	Union	4.3 mi	$1,010
46540	Middlebury	6.8 mi	$1,340
46516	Elkhart	7.2 mi	$1,230
46514	Elkhart	8.2 mi	$1,320
46528	Goshen	8.5 mi	$1,270
49099	White Pigeon	9.0 mi	$1,120

Questions

What is the Fair Market Rent for ZIP code 46507?

HUD's FY2027 Small Area Fair Market Rents for 46507 are $1,030 (studio), $1,070 (1 BR), $1,280 (2 BR), $1,690 (3 BR) and $1,790 (4 BR) a month.

What is the Section 8 payment standard in 46507?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46507 that range is $1,152 to $1,408 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46507?

The FY2026 income limits of the Elkhart-Goshen, IN area apply: median family income $89,900, low-income (80%) limit $71,900 for a family of four.