FY2027 Small Area FMR · Lagro, IN

ZIP 46941 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46941 (Lagro, IN) is $1,200 a month, up 14.3% from FY2026. That is 18% above the Wabash County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,200per month ▲ 14.3%

Area-wide 2 BR FMR$1,014Wabash County, IN

Rank in the area1stof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

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

Studio$900▲ 20.0%

1 BR$920▲ 15.0%

2 BR$1,200▲ 14.3%

3 BR$1,430▲ 13.5%

4 BR$1,600▲ 15.1%

FY2027 FY2026

Where 46941 sits in the Wabash County, IN area

Of the 18 ZIP codes HUD lists for the area, 46941 has the 1st highest two-bedroom Small Area FMR. Wabash 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 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	$900	$810 – $990	$759	$750
1 bedroom	$920	$828 – $1,012	$775	$800
2 bedrooms	$1,200	$1,080 – $1,320	$1,014	$1,050
3 bedrooms	$1,430	$1,287 – $1,573	$1,208	$1,260
4 bedrooms	$1,600	$1,440 – $1,760	$1,348	$1,390

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $89,700 and the 80% low-income limit for four people is $71,750. ZIP code 46941 lies mainly in Wabash County. See the Wabash County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46702	Andrews	3.2 mi	$1,010
46990	Urbana	5.6 mi	$1,060
46992	Wabash	7.6 mi	$1,010
46940	La Fontaine	9.1 mi	$1,200
46980	Servia	9.6 mi	$1,010
46750	Huntington	10.8 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 46941?

HUD's FY2027 Small Area Fair Market Rents for 46941 are $900 (studio), $920 (1 BR), $1,200 (2 BR), $1,430 (3 BR) and $1,600 (4 BR) a month.

What is the Section 8 payment standard in 46941?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46941 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46941?

The FY2026 income limits of the Wabash County, IN area apply: median family income $89,700, low-income (80%) limit $71,750 for a family of four.