FY2027 Small Area FMR · Plymouth, IN
ZIP 46563 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46563 (Plymouth, IN) is $1,170 a month, up 12.5% from FY2026. That is 8% below the South Bend-Mishawaka, IN area-wide FMR of $1,276.
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 46563 sits in the South Bend-Mishawaka, IN area
Of the 30 ZIP codes HUD lists for the area, 46563 has the 21st highest two-bedroom Small Area FMR. South Bend-Mishawaka, 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 $1,276 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,170 for this ZIP code instead.
ZIP code 46563 crosses more than one HUD area. HUD also lists it under Marshall County, IN (same figures) and Starke County, 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 | $830 | $747 – $913 | $937 | $750 |
| 1 bedroom | $1,000 | $900 – $1,100 | $1,093 | $850 |
| 2 bedrooms | $1,170 | $1,053 – $1,287 | $1,276 | $1,040 |
| 3 bedrooms | $1,420 | $1,278 – $1,562 | $1,545 | $1,270 |
| 4 bedrooms | $1,540 | $1,386 – $1,694 | $1,677 | $1,380 |
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 $88,100 and the 80% low-income limit for four people is $70,500. ZIP code 46563 lies mainly in Marshall County, Starke County and St. Joseph County. See the South Bend-Mishawaka, 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 46563?
HUD's FY2027 Small Area Fair Market Rents for 46563 are $830 (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 46563?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46563 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 46563?
The FY2026 income limits of the South Bend-Mishawaka, IN area apply: median family income $88,100, low-income (80%) limit $70,500 for a family of four.