FY2027 Small Area FMR · Burlington, IN

ZIP 46915 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46915 (Burlington, IN) is $1,010 a month, up 5.2% from FY2026. That is 2% below the Carroll County, IN area-wide FMR of $1,027.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,027Carroll County, IN

Rank in the area19thof 20 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$750▲ 7.1%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,220▲ 1.7%

4 BR$1,390▲ 6.9%

FY2027 FY2026

Where 46915 sits in the Carroll County, IN area

Of the 20 ZIP codes HUD lists for the area, 46915 has the 19th highest two-bedroom Small Area FMR. Carroll 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 $1,027 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	$750	$675 – $825	$760	$700
1 bedroom	$780	$702 – $858	$787	$730
2 bedrooms	$1,010	$909 – $1,111	$1,027	$960
3 bedrooms	$1,220	$1,098 – $1,342	$1,232	$1,200
4 bedrooms	$1,390	$1,251 – $1,529	$1,396	$1,300

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 $87,500 and the 80% low-income limit for four people is $70,000. ZIP code 46915 lies mainly in Carroll County. See the Carroll County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46920	Cutler	5.8 mi	$1,080
46913	Bringhurst	6.4 mi	$1,040
46998	Young America	6.5 mi	$1,010
46979	Russiaville	6.7 mi	$1,180
46929	Flora	7.1 mi	$1,020
46039	Forest	8.4 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 46915?

HUD's FY2027 Small Area Fair Market Rents for 46915 are $750 (studio), $780 (1 BR), $1,010 (2 BR), $1,220 (3 BR) and $1,390 (4 BR) a month.

What is the Section 8 payment standard in 46915?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46915 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 46915?

The FY2026 income limits of the Carroll County, IN area apply: median family income $87,500, low-income (80%) limit $70,000 for a family of four.