FY2027 Small Area FMR · Mexico, IN

ZIP 46958 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46958 (Mexico, IN) is $1,040 a month, up 5.1% from FY2026. That is 3% above the Miami County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,040per month ▲ 5.1%

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

Rank in the area6thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$780▲ 9.9%

1 BR$850▲ 6.2%

2 BR$1,040▲ 5.1%

3 BR$1,240▲ 4.2%

4 BR$1,450▲ 2.8%

FY2027 FY2026

Where 46958 sits in the Miami County, IN area

Of the 18 ZIP codes HUD lists for the area, 46958 has the 6th highest two-bedroom Small Area FMR. Miami 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 $1,040 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	$780	$702 – $858	$759	$710
1 bedroom	$850	$765 – $935	$827	$800
2 bedrooms	$1,040	$936 – $1,144	$1,014	$990
3 bedrooms	$1,240	$1,116 – $1,364	$1,208	$1,190
4 bedrooms	$1,450	$1,305 – $1,595	$1,412	$1,410

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $75,100 and the 80% low-income limit for four people is $67,850. ZIP code 46958 lies mainly in Miami County. See the Miami County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46970	Peru	5.2 mi	$1,040
46961	New Waverly	5.5 mi	$1,040
46926	Denver	5.7 mi	$1,010
46988	Twelve Mile	7.2 mi	$1,210
46951	Macy	8.7 mi	$1,320
46967	Onward	9.7 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 46958?

HUD's FY2027 Small Area Fair Market Rents for 46958 are $780 (studio), $850 (1 BR), $1,040 (2 BR), $1,240 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 46958?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46958 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46958?

The FY2026 income limits of the Miami County, IN area apply: median family income $75,100, low-income (80%) limit $67,850 for a family of four.