FY2027 Small Area FMR · Wolflake, IN

ZIP 46796 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46796 (Wolflake, IN) is $1,070 a month, up 4.9% from FY2026. That is 5% above the Noble County, IN area-wide FMR of $1,023.

2-bedroom SAFMR$1,070per month ▲ 4.9%

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

Rank in the area10thof 19 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$800▲ 11.1%

1 BR$820▲ 5.1%

2 BR$1,070▲ 4.9%

3 BR$1,280▲ 4.9%

4 BR$1,800▲ 4.7%

FY2027 FY2026

Where 46796 sits in the Noble County, IN area

Of the 19 ZIP codes HUD lists for the area, 46796 has the 10th highest two-bedroom Small Area FMR. Noble 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 $1,070 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	$800	$720 – $880	$765	$720
1 bedroom	$820	$738 – $902	$782	$780
2 bedrooms	$1,070	$963 – $1,177	$1,023	$1,020
3 bedrooms	$1,280	$1,152 – $1,408	$1,219	$1,220
4 bedrooms	$1,800	$1,620 – $1,980	$1,710	$1,720

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 $86,700 and the 80% low-income limit for four people is $69,350. ZIP code 46796 lies mainly in Noble County. See the Noble County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46760	Kimmell	2.8 mi	$1,080
46701	Albion	4.0 mi	$1,070
46732	Cromwell	7.0 mi	$1,110
46794	Wawaka	9.1 mi	$1,070
46555	North Webster	9.3 mi	$1,140
46764	Larwill	9.9 mi	$1,380

Questions

What is the Fair Market Rent for ZIP code 46796?

HUD's FY2027 Small Area Fair Market Rents for 46796 are $800 (studio), $820 (1 BR), $1,070 (2 BR), $1,280 (3 BR) and $1,800 (4 BR) a month.

What is the Section 8 payment standard in 46796?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46796 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 46796?

The FY2026 income limits of the Noble County, IN area apply: median family income $86,700, low-income (80%) limit $69,350 for a family of four.