FY2027 Small Area FMR · Arcola, IN

ZIP 46704 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46704 (Arcola, IN) is $1,570 a month, up 11.3% from FY2026. That is 26% above the Fort Wayne, IN area-wide FMR of $1,248.

2-bedroom SAFMR$1,570per month ▲ 11.3%

Area-wide 2 BR FMR$1,248Fort Wayne, IN

Rank in the area4thof 63 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,413

2 BR Small Area FMR$1,570

110% of SAFMR$1,727

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

Studio$1,290▲ 14.2%

1 BR$1,290▲ 11.2%

2 BR$1,570▲ 11.3%

3 BR$1,930▲ 10.3%

4 BR$2,110▲ 9.9%

FY2027 FY2026

Where 46704 sits in the Fort Wayne, IN area

Of the 63 ZIP codes HUD lists for the area, 46704 has the 4th highest two-bedroom Small Area FMR. Fort Wayne, IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,413 and $1,727 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,290	$1,161 – $1,419	$1,025	$1,130
1 bedroom	$1,290	$1,161 – $1,419	$1,026	$1,160
2 bedrooms	$1,570	$1,413 – $1,727	$1,248	$1,410
3 bedrooms	$1,930	$1,737 – $2,123	$1,534	$1,750
4 bedrooms	$2,110	$1,899 – $2,321	$1,679	$1,920

A household renting a two-bedroom home at the Small Area FMR of $1,570 needs about $62,800 a year to keep housing costs at 30% of income. The area median family income is $95,100 and the 80% low-income limit for four people is $76,100. ZIP code 46704 lies mainly in Allen County. See the Fort Wayne, IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46814	Fort Wayne	3.7 mi	$1,870
46818	Fort Wayne	4.1 mi	$1,570
46804	Fort Wayne	4.4 mi	$1,410
46808	Fort Wayne	6.0 mi	$1,170
46802	Fort Wayne	7.1 mi	$1,160
46809	Fort Wayne	8.6 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 46704?

HUD's FY2027 Small Area Fair Market Rents for 46704 are $1,290 (studio), $1,290 (1 BR), $1,570 (2 BR), $1,930 (3 BR) and $2,110 (4 BR) a month.

What is the Section 8 payment standard in 46704?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46704 that range is $1,413 to $1,727 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46704?

The FY2026 income limits of the Fort Wayne, IN area apply: median family income $95,100, low-income (80%) limit $76,100 for a family of four.