FY2027 Small Area FMR · Butler, IN

ZIP 46721 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46721 (Butler, IN) is $1,010 a month, up 5.2% from FY2026. That is 1% below the DeKalb County, IN area-wide FMR of $1,023.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,023DeKalb County, IN

Rank in the area10thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$760▲ 10.1%

1 BR$810▲ 11.0%

2 BR$1,010▲ 5.2%

3 BR$1,260▲ 5.9%

4 BR$1,340▲ 5.5%

FY2027 FY2026

Where 46721 sits in the DeKalb County, IN area

Of the 15 ZIP codes HUD lists for the area, 46721 has the 10th highest two-bedroom Small Area FMR. DeKalb 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 $1,023 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$760	$684 – $836	$765	$690
1 bedroom	$810	$729 – $891	$814	$730
2 bedrooms	$1,010	$909 – $1,111	$1,023	$960
3 bedrooms	$1,260	$1,134 – $1,386	$1,270	$1,190
4 bedrooms	$1,340	$1,206 – $1,474	$1,344	$1,270

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 $73,600. ZIP code 46721 lies mainly in DeKalb County. See the DeKalb County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46785	Saint Joe	6.9 mi	$1,010
46793	Waterloo	7.5 mi	$1,010
43517	Edgerton	7.7 mi	$1,000
46742	Hamilton	8.7 mi	$1,040
46706	Auburn	9.8 mi	$1,040
43505	Blakeslee	10.3 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 46721?

HUD's FY2027 Small Area Fair Market Rents for 46721 are $760 (studio), $810 (1 BR), $1,010 (2 BR), $1,260 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 46721?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46721 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46721?

The FY2026 income limits of the DeKalb County, IN area apply: median family income $92,000, low-income (80%) limit $73,600 for a family of four.