FY2027 Small Area FMR · Pleasant Lake, IN

ZIP 46779 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46779 (Pleasant Lake, IN) is $1,070 a month, up 5.9% from FY2026. That is 3% below the Steuben County, IN area-wide FMR of $1,102.

2-bedroom SAFMR$1,070per month ▲ 5.9%

Area-wide 2 BR FMR$1,102Steuben County, IN

Rank in the area5thof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$810▲ 6.6%

1 BR$830▲ 7.8%

2 BR$1,070▲ 5.9%

3 BR$1,360▲ 5.4%

4 BR$1,410▲ 5.2%

FY2027 FY2026

Where 46779 sits in the Steuben County, IN area

Of the 10 ZIP codes HUD lists for the area, 46779 has the 5th highest two-bedroom Small Area FMR. Steuben 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 $1,102 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 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	$810	$729 – $891	$837	$760
1 bedroom	$830	$747 – $913	$842	$770
2 bedrooms	$1,070	$963 – $1,177	$1,102	$1,010
3 bedrooms	$1,360	$1,224 – $1,496	$1,415	$1,290
4 bedrooms	$1,410	$1,269 – $1,551	$1,448	$1,340

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $95,700 and the 80% low-income limit for four people is $76,550. ZIP code 46779 lies mainly in Steuben County. See the Steuben County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46705	Ashley	4.2 mi	$1,010
46703	Angola	5.3 mi	$1,070
46747	Hudson	6.2 mi	$1,130
46789	Stroh	8.3 mi	$1,070
46742	Hamilton	8.5 mi	$1,040
46793	Waterloo	8.7 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 46779?

HUD's FY2027 Small Area Fair Market Rents for 46779 are $810 (studio), $830 (1 BR), $1,070 (2 BR), $1,360 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 46779?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46779 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46779?

The FY2026 income limits of the Steuben County, IN area apply: median family income $95,700, low-income (80%) limit $76,550 for a family of four.