FY2027 Small Area FMR · Howe, IN

ZIP 46746 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46746 (Howe, IN) is $1,060 a month, up 6.0% from FY2026. That is 2% above the LaGrange County, IN area-wide FMR of $1,039.

2-bedroom SAFMR$1,060per month ▲ 6.0%

Area-wide 2 BR FMR$1,039LaGrange County, IN

Rank in the area13thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$954

2 BR Small Area FMR$1,060

110% of SAFMR$1,166

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

Studio$800▲ 5.3%

1 BR$810▲ 6.6%

2 BR$1,060▲ 6.0%

3 BR$1,260▲ 4.1%

4 BR$1,390▲ 5.3%

FY2027 FY2026

Where 46746 sits in the LaGrange County, IN area

Of the 16 ZIP codes HUD lists for the area, 46746 has the 13th highest two-bedroom Small Area FMR. LaGrange 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 $1,039 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 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	$800	$720 – $880	$789	$760
1 bedroom	$810	$729 – $891	$794	$760
2 bedrooms	$1,060	$954 – $1,166	$1,039	$1,000
3 bedrooms	$1,260	$1,134 – $1,386	$1,238	$1,210
4 bedrooms	$1,390	$1,251 – $1,529	$1,366	$1,320

A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $97,400 and the 80% low-income limit for four people is $77,900. ZIP code 46746 lies mainly in LaGrange County. See the LaGrange County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46771	Mongo	3.3 mi	$1,040
46761	Lagrange	6.5 mi	$1,010
49091	Sturgis	8.6 mi	$1,080
46776	Orland	9.2 mi	$1,160
49030	Burr Oak	9.7 mi	$1,140
46795	Wolcottville	11.5 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 46746?

HUD's FY2027 Small Area Fair Market Rents for 46746 are $800 (studio), $810 (1 BR), $1,060 (2 BR), $1,260 (3 BR) and $1,390 (4 BR) a month.

What is the Section 8 payment standard in 46746?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46746 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46746?

The FY2026 income limits of the LaGrange County, IN area apply: median family income $97,400, low-income (80%) limit $77,900 for a family of four.