FY2027 Small Area FMR · North Liberty, IN
ZIP 46554 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46554 (North Liberty, IN) is $1,170 a month, up 10.4% from FY2026. That is 6% below the Michigan City-La Porte, IN area-wide FMR of $1,245.
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 46554 sits in the Michigan City-La Porte, IN area
Of the 16 ZIP codes HUD lists for the area, 46554 has the 13th 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 $1,170 for this ZIP code instead.
ZIP code 46554 crosses more than one HUD area. HUD also lists it under South Bend-Mishawaka, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $840 | $756 – $924 | $963 | $740 |
| 1 bedroom | $1,000 | $900 – $1,100 | $1,031 | $910 |
| 2 bedrooms | $1,170 | $1,053 – $1,287 | $1,245 | $1,060 |
| 3 bedrooms | $1,420 | $1,278 – $1,562 | $1,525 | $1,290 |
| 4 bedrooms | $1,540 | $1,386 – $1,694 | $1,762 | $1,400 |
A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 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 46554 lies mainly in St. Joseph County and LaPorte County. See the Michigan City-La Porte, IN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 46554?
HUD's FY2027 Small Area Fair Market Rents for 46554 are $840 (studio), $1,000 (1 BR), $1,170 (2 BR), $1,420 (3 BR) and $1,540 (4 BR) a month.
What is the Section 8 payment standard in 46554?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46554 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46554?
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.