FY2027 Small Area FMR · Fulton, IN

ZIP 46931 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46931 (Fulton, IN) is $1,010 a month, up 5.2% from FY2026. That is 2% below the Fulton County, IN area-wide FMR of $1,034.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,034Fulton County, IN

Rank in the area16thof 18 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$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,210▲ 5.2%

4 BR$1,340▲ 5.5%

FY2027 FY2026

Where 46931 sits in the Fulton County, IN area

Of the 18 ZIP codes HUD lists for the area, 46931 has the 16th highest two-bedroom Small Area FMR. Fulton 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 $1,034 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	$774	$690
1 bedroom	$780	$702 – $858	$790	$730
2 bedrooms	$1,010	$909 – $1,111	$1,034	$960
3 bedrooms	$1,210	$1,089 – $1,331	$1,232	$1,150
4 bedrooms	$1,340	$1,206 – $1,474	$1,359	$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 $78,700 and the 80% low-income limit for four people is $67,850. ZIP code 46931 lies mainly in Fulton County. See the Fulton County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46988	Twelve Mile	5.1 mi	$1,210
46950	Lucerne	6.7 mi	$1,050
46939	Kewanna	7.8 mi	$1,010
46951	Macy	8.3 mi	$1,320
46975	Rochester	8.8 mi	$1,030
46958	Mexico	11.6 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 46931?

HUD's FY2027 Small Area Fair Market Rents for 46931 are $760 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 46931?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46931 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 46931?

The FY2026 income limits of the Fulton County, IN area apply: median family income $78,700, low-income (80%) limit $67,850 for a family of four.