FY2027 Small Area FMR · Winona Lake, IN

ZIP 46590 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46590 (Winona Lake, IN) is $1,230 a month, up 1.7% from FY2026. That is 6% above the Kosciusko County, IN area-wide FMR of $1,162.

2-bedroom SAFMR$1,230per month ▲ 1.7%

Area-wide 2 BR FMR$1,162Kosciusko County, IN

Rank in the area1stof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

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

Studio$930■ 0.0%

1 BR$940▲ 1.1%

2 BR$1,230▲ 1.7%

3 BR$1,490▲ 1.4%

4 BR$1,620▼ 1.8%

FY2027 FY2026

Where 46590 sits in the Kosciusko County, IN area

Of the 24 ZIP codes HUD lists for the area, 46590 has the 1st highest two-bedroom Small Area FMR. Kosciusko County, 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 $1,162 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,230 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	$930	$837 – $1,023	$882	$930
1 bedroom	$940	$846 – $1,034	$888	$930
2 bedrooms	$1,230	$1,107 – $1,353	$1,162	$1,210
3 bedrooms	$1,490	$1,341 – $1,639	$1,410	$1,470
4 bedrooms	$1,620	$1,458 – $1,782	$1,527	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $92,000 and the 80% low-income limit for four people is $74,400. ZIP code 46590 lies mainly in Kosciusko County. See the Kosciusko County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46580	Warsaw	2.9 mi	$1,150
46582	Warsaw	4.9 mi	$1,230
46562	Pierceton	6.7 mi	$1,010
46510	Claypool	7.2 mi	$1,100
46538	Leesburg	7.8 mi	$1,140
46502	Atwood	9.0 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 46590?

HUD's FY2027 Small Area Fair Market Rents for 46590 are $930 (studio), $940 (1 BR), $1,230 (2 BR), $1,490 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 46590?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46590 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46590?

The FY2026 income limits of the Kosciusko County, IN area apply: median family income $92,000, low-income (80%) limit $74,400 for a family of four.