FY2027 Small Area FMR · South Bend, IN
ZIP 46637 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46637 (South Bend, IN) is $1,420 a month, down 1.4% from FY2026. That is 11% above 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 46637 sits in the South Bend-Mishawaka, IN area
Of the 30 ZIP codes HUD lists for the area, 46637 has the 3rd 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 $1,420 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,040 | $936 – $1,144 | $937 | $1,000 |
| 1 bedroom | $1,220 | $1,098 – $1,342 | $1,093 | $1,230 |
| 2 bedrooms | $1,420 | $1,278 – $1,562 | $1,276 | $1,440 |
| 3 bedrooms | $1,720 | $1,548 – $1,892 | $1,545 | $1,750 |
| 4 bedrooms | $1,870 | $1,683 – $2,057 | $1,677 | $1,910 |
A household renting a two-bedroom home at the Small Area FMR of $1,420 needs about $56,800 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 46637 lies mainly in 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 46637?
HUD's FY2027 Small Area Fair Market Rents for 46637 are $1,040 (studio), $1,220 (1 BR), $1,420 (2 BR), $1,720 (3 BR) and $1,870 (4 BR) a month.
What is the Section 8 payment standard in 46637?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46637 that range is $1,278 to $1,562 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46637?
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.